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Cryptopolitan 2019-08-08 15:30:27

Czech Republic is going overboard with crypto regulations

The Czech Republic recently came out with a document detailing the crypto regulation guidelines it is planning to implement in the country. The guidelines are clearly based on the EU AML5 suggestions but seem to be going overboard when it comes to the fines and punishments associated with the operation of an unlicensed entity. For example, the Czech authorities said that if they identify an unlicensed company that caters to the local population, it will impose a minimum of half a million euros as a fine. This is way above and beyond the punishments that the EU was suggesting for

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