EU Transfer of Funds Regulation 2023/1113

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On the 30th of December the new European Transfer of Funds regulation will go into effect.

Since AirVPN is based in Italy, will this affect cryptocurrency payments to AirVPN? Will you still be able to offer those payment methods in the coming year?

I was at first concerned that this would mean no more anonymous cryptocurrency payments for AirVPN, but after carefully reading the regulation and some lawyers' comments, it mostly seems to affect trading and exchange platforms and should hopefully not affect AirVPN. On the other hand there only seem to be exceptions for privately owned wallets.
You probably already consulted your own lawyer about this and it would be nice to get a definitive answer.
 

[Staff 9973]

Hello!

Changes about cryptocurrency acceptance are not on the table at the moment.

The current framework excludes private "unhosted" wallets that are not operated by regulated Crypto-Asset Service Providers (CASP) from the scope of the regulation. This means that transfers conducted without a provider, such as Bitcoin trading platforms, or among providers acting on their own behalf, are not subject to the regulation.

 

Therefore, if you pay to AirVPN via a wallet property of some CASP (i.e. you don't own the keys), you are subject to identification by that CASP. If you pay AirVPN via your own wallet, the transaction is not in the scope of the regulation.

Kind regards