Since 2020, the EU has been working on crypto regulation: obligatory KYC and AML, financial knowledge assessment to allow buying ETFs, crypto, margin trading, with matching risk limits and required customer protections similar to stock trading, traceability, ban on privacy tokens, extra rules for meme coins, flagging and blocking of suspicious operations.
From Dec 30, 2024, in the EU these rug pulls are legally restricted to only people who can afford to lose the money, and are informed of the risks, and can prove it. Anyone offering vulnerable people entry to the casino, is breaking the law, with huge fines attached.
It doesn’t need to.
Since 2020, the EU has been working on crypto regulation: obligatory KYC and AML, financial knowledge assessment to allow buying ETFs, crypto, margin trading, with matching risk limits and required customer protections similar to stock trading, traceability, ban on privacy tokens, extra rules for meme coins, flagging and blocking of suspicious operations.
From Dec 30, 2024, in the EU these rug pulls are legally restricted to only people who can afford to lose the money, and are informed of the risks, and can prove it. Anyone offering vulnerable people entry to the casino, is breaking the law, with huge fines attached.