EU’s Anti-Money Laundering (AML) proposal has incorporated a cryptocurrency clause under its third regulation. The Commission’s legislative proposal for crypto is responsible for regulating crypto-assets service providers. This clause also extends to transfers in crypto assets, for instance on Bitcoin (BTC) transfers there shall be a mandatory requirement to provide information on the originator and the beneficiary that are already commonplace for bank transfers.
The EU in its report said,
Today’s amendments will ensure full traceability of crypto-asset transfers, such as bitcoin, and will allow for prevention and detection of their possible use for money laundering or terrorism financing,” the Commission said in a statement
Anonymous Crypto Wallets in Trouble
With the Institutional adoption of cryptocurrencies, there has also been a rise in crypto exchanges becoming the war zone for cyber-crimes globally. The decentralized system of money is anonymous and harder to trace, ther
Źródło: https://coingape.com/eus-new-aml-guidelines-set-to-ban-anonymous-crypto-wallets/
