New rules to stop illicit flows in the EU. The aim is to ensure crypto-assets can be traced in the same way as traditional money transfers.

April 1, 2022 / Nocashevents / Comments Off on New rules to stop illicit flows in the EU. The aim is to ensure crypto-assets can be traced in the same way as traditional money transfers.

Crypto-assets’ transfers would need to be traced and identified to prevent their use in money laundering, terrorist financing, and other crimes. There is an absence of rules for tracing transfers of crypto-assets like bitcoins and electronic money tokens. On Thursday, MEPs from the Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties (LIBE) adopted, with 93 votes to 14 and 14 abstentions, their position on draft legislation […]

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