First EU rules for tracing transfers of crypto-assets like bitcoins and electronic money tokens. Ensuring crypto-assets can be traced in the same way as traditional money transfers.

July 1, 2022 / Nocashevents / Comments Off on First EU rules for tracing transfers of crypto-assets like bitcoins and electronic money tokens. Ensuring crypto-assets can be traced in the same way as traditional money transfers.

The legislation is part of the new EU anti-money laundering package and will be aligned with the Markets in Crypto-assets rules (MiCA). Transfers of crypto-assets will be traced and identified to prevent money laundering, terrorist financing, and other crimes, says the new legislation agreed on Wednesday. Parliament and Council negotiators reached a provisional deal on a new bill aiming to ensure that crypto transfers can always be traced and suspicious transactions blocked. […]

Read more