02/03/2023
Press Summary
- The EESC deems that reporting obligations should not be limited solely to exchanges and transfers in crypto-assets;
- stresses the need for effective and proportional penalties, leaving the decision on the specific amounts of sanctions to be issued up to the Member States;
- hopes that the penalties and compliance measures will be able to strike a proper balance between effective rules and adequate deterrence on one hand, and proportionality on the other.
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