The European Union has recently enacted a comprehensive package of anti-money laundering (AML) laws, which includes stringent regulations targeting the cryptocurrency sector. These new measures, adopted by the EU Parliament, aim to mitigate risks associated with money laundering and terrorist financing, particularly those linked to the anonymity of certain electronic money products. The crypto industry is expected to face heightened scrutiny with stricter Know Your Customer (KYC) standards and increased controls.
.@Europarl_EN has approved a broad package of anti-money laundering laws targeting various financial services and entities, including crypto. https://t.co/ih3cYFZePw
#WorthReading EU Parliament Adopts Anti-Money Laundering Rules Package, Also Policing Crypto https://t.co/gjFtrYon3i #WorthReading
On wednesday EU Parliament adopted new AML laws, assuming 'the anonymity associated with certain electronic money products exposes them to money laundering and terrorist financing risks.' Exept they seem to have no data to backup their claims. Latest for @BitcoinMagazine…
🚨 JUST IN: 🇪🇺 Europe introduces new anti-money laundering measures and tightens crypto controls. The crypto industry in Europe is preparing for the effects of new, stricter AML laws that will mean more stringent KYC standards and control. https://t.co/ADIVbh4mlG
📣 Latest News: EU enacts crypto regulations to combat money laundering #news #cryptonews #crypto #regulations