news

bitcoin

1 X bitcoin bitcoin =

Saturday

31 July 2021

EU Proposes Law to 'Ensure Full Traceability' of Crypto Transfers, Ban Anonymous Wallets – Regulation Bitcoin News

EU Proposes Law to 'Ensure Full Traceability' of Crypto Transfers, Ban Anonymous Wallets – Regulation Bitcoin News


smart summary beta

The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will be prohibited.”.

The European Commission presented a set of legislative proposals Tuesday aimed at strengthening the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules.

The proposals also include “full application of the EU AML/CFT rules to the crypto sector.” The commission explained that currently only certain categories of crypto service providers are included in the scope of the EU AML/CFT rules.

Goto Full Article

bitcoin bitcoin price

$41688.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2021