The European Parliament has recently passed legislation aimed at tightening control over the cryptocurrency sector to combat money laundering. The new laws require crypto firms to collect extensive data on users and their transactions, enforce stricter monitoring of non-custodial wallets, and prohibit the use of tools that enhance anonymity, including a ban on tools bolstering anonymity. These measures are part of a broader package of anti-money laundering directives that affect various financial services and entities within the EU.
EU expands AML regulation impacting cryptocurrency compliance https://t.co/nVbn3oPbvH
.@Europarl_EN has approved a broad package of anti-money laundering laws targeting various financial services and entities, including crypto. @iamsandali reports https://t.co/E6ZLr2YWBu
🚨 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
EU votes to ban anonymity for crypto and increase monitoring of users. The bill passed by the European Parliament will force crypto firms to collect more data on users and their transactions, enforce stronger monitoring of non-custodial wallets, and ban tools bolstering… https://t.co/4voWAOYHsk
EU votes to ban anonymity for crypto and increase monitoring of users https://t.co/HL4o3W7C7R