Crypto Shareholder Requirements Set Out by EU Banking Regulators

EU watchdogs on Friday issued consultations on a range of issues set to be regulated by the bloc's landmark new crypto law, MiCA.
The proposals cover curbs on ownership, governance and bonuses for crypto companies and their staff.

Crypto company shareholders with a more than 10% stake will be vetted for previous convictions or sanctions under bank-style rules proposed by EU regulators Friday.
The rules come as high-profile crypto industry executives including FTX’s Sam Bankman-Fried, Celsius’ Alex Mashinsky and Binance’s Changpeng “CZ” Zhao fight U.S. charges that they have misled or defrauded customers, or failed to comply with federal securities laws.