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EU Anti-Money Laundering Agency Warns Cryptocurrency Companies to Comply with New Regulatory Requirements
Summary: The EU Anti-Money Laundering Agency (AMLA) has issued a warning to the cryptocurrency industry to comply with upcoming stricter regulatory requirements, including banning anonymous wallets and privacy coins. The new rules mandate regulatory agencies to review the actual owners and shareholders of cryptocurrency service providers to ensure no involvement in money laundering or terrorist financing ...
The EU Anti-Money Laundering Agency (AMLA) has issued a warning to the cryptocurrency industry to comply with upcoming stricter regulatory requirements, including banning anonymous wallets and privacy coins. The new rules mandate regulatory agencies to review the actual owners and shareholders of cryptocurrency service providers to ensure no involvement in money laundering or terrorist financing activities. Cryptocurrency companies will also be required to provide government agencies with direct, real-time, and unfiltered access to account data. These measures will be fully implemented by July 2027. Previously, France and the Netherlands have launched anti-money laundering investigations into Binance, involving issues of terrorist financing and tax fraud. (Decrypt)
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Link: EU Anti-Money Laundering Agency Warns Cryptocurrency Companies to Comply with New Regulatory Requirements [Copy]
