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. Markedly, the DFSA emphasizes the need for all crypto platforms and service providers including interface providers and mobile app developers to be regulated.
DENMARK TO ABOUT TO BAN BITCOIN WALLETS
We have finally reached this point.
In the latest DeFi guidance of Danish FSA, the regulator goes too far: The guidance tries to capture everything in crypto regulation, including your Bitcoin wallet, using “interface” argument. DFSA says… pic.twitter.com/F7jFuLhNqC
— Mikko Ohtamaa (@moo9000) June 26, 2024
Ordinarily, the use of unregulated interfaces violates the legislation embedded in the upcoming Market in Crypto Asset (MiCA) regulatory framework. The partial implemen
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