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IOTA Shares Concerns Over European Parliament's Proposed Crypto Regulations, Including Inconsistent Terminology and One-Size-Fits-All Approach for NFTs

IOTA has expressed concerns about the proposed crypto regulations by the European Parliament, citing inconsistent terminologies, the treatment of NFTs, self-hosted wallets, and DeFi. The IOTA Foundation has been working with government agencies to address regulatory concerns in different sectors of the cryptocurrency market. The European Parliament recently passed anti-money laundering and anti-terrorism legislation to create transparency requirements for digital asset transfers. The IOTA Foundation has submitted a proposal outlining its views and concerns regarding the AMLR proposal, including the need for clarity on NFT regulations and maintaining distinctions between wallets, addresses, and accounts.

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