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Simplify crypto providers’ authorization under new payment rules, Germany says

( April 25, 2025, 12:27 GMT | Official Statement) -- MLex Summary: Cryptoasset service providers offering payment services under the revised Payment Services Directive should benefit from simplified authorization rules, Germany has said. In a paper set to be discussed by member states on Tuesday, April 29, Germany recommends streamlining processes between existing cryptoasset legislation and new payment service rules. The goal is to enhance efficiency and reduce administrative burden for companies.Document attached....

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