Big news in Europe for people using cryptocurrency! It's getting harder to send and receive crypto because of new rules. These rules make it necessary to share personal information, like passports, when sending money.
- Coinbase and OKX, popular crypto apps, are now asking for lots of personal info when you send crypto.
- This is happening because of a rule called the 'Travel Rule', which wants to track where crypto is going.
- Some people are worried that these rules will make it too hard to use crypto easily.
| What happened | Details |
|---|---|
| Coinbase/OKX changes | Asking for ID when sending/receiving crypto. |
| Reason | The 'Travel Rule' - new rules to track money. |
| Impact | Makes it harder to use crypto in Europe. |
