EU tightens control over crypto-assets
The European Parliament has adopted a package of laws strengthening the EU's tools to combat money laundering and terrorist financing.
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Apr 26, 2024
The new rules tighten checks on clients of financial organizations. Managers, including of crypto-assets, will have to report the detection of suspicious activity to authorized EU bodies.
The bill will also force crypto firms to collect more data on users and their transactions, strengthen monitoring of non-custodial wallets and ban tools that support anonymity, such as cryptomixers and privacy tokens.
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