Danish Regulator To Ban Unhosted Bitcoin (BTC) Wallets

Quick Summary:

The Danish Financial Supervisory Authority (DFSA) is working towards abolishing unhosted Bitcoin (BTC) wallets as part of its Decentralized Finance (DeFi) guidance.

Denmark Bitcoin Wallet Ban Aligns With MiCA Regulation  The regulator is concerned about the activities of unregulated platforms in the crypto space.

A few market observers and key crypto players opine that these rules are rather rigid.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaDenmarkUnited States

Topics: MiCA Regulation News Bitcoin 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 16:28:21 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21395182

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 49 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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