user2810: If you look at the proposal, it requires crypto transfers between virtual/crypto asset service providers to transfer originator and beneficiary name (and some other originator info). However, this data could be carried also outside blockchain.
https://ec.europa.eu/finance/docs/law/210720-proposal-funds-transfers_en.pdf
How could Cardano comply with this upcoming regulation? Could it be done somehow for example via Atala Prism (or other id, like the upcoming EU e-id) , by enabling the e-id owners to consent the VASPs to consume this particular information, when (or actually before) the transaction is carried over the blockchain?
I hope this question falls with the scope of the cardano stackexchange. :)

user157: At the base layer, Cardano can't provide such information because it's not built to do that. Atala Prism could be used to get around that however, you can't force anyone to use that layer to transact any more than forcing someone to reveal their seed phrase.

2810: <p>If you look at the proposal, it requires crypto transfers between virtual/crypto asset service providers to transfer originator and beneficiary name (and some other originator info). However, this data could be carried also outside blockchain.</p>
<p><a href="https://ec.europa.eu/finance/docs/law/210720-proposal-funds-transfers_en.pdf" rel="noreferrer">https://ec.europa.eu/finance/docs/law/210720-proposal-funds-transfers_en.pdf</a></p>
<p>How could Cardano comply with this upcoming regulation? Could it be done somehow for example via Atala Prism (or other id, like the upcoming EU e-id) , by enabling the e-id owners to consent the VASPs to consume this particular information, when (or actually before) the transaction is carried over the blockchain?</p>
<p>I hope this question falls with the scope of the cardano stackexchange. :)</p>
 157: <p>At the base layer, Cardano can't provide such information because it's not built to do that. Atala Prism could be used to get around that however, you can't force anyone to use that layer to transact any more than forcing someone to reveal their seed phrase.</p>
