Europe introduces stricter regulation in the crypto sector

Discussion in 'Crypto Assets' started by mlawson71, Apr 24, 2018.

  1. mlawson71

    mlawson71

    Crypto exchanges operating in the EU will have to be registered with the relevant authorities and will be required to introduce customer due diligence procedures, including ID verification. This became clear after the European Parliament’s members voted to support an agreement with the European Council.

    The agreement represents the latest update of the EU Anti-Money Laundering Directive and the introduced measures aim to prevent the use of cryptocurrencies in money laundering and terrorism financing.
     
    schweiz and Slartibartfast like this.