Category: European Commission

Crypto industry fires back after EU vote to block ‘unhosted’ wallets

Crypto industry fires back after EU vote to block ‘unhosted’ wallets

The crypto industry has reacted strongly against a EU Parliament committee voting in favor of a regulatory package for tighter know-your-customer (KYC) and anti-money laundering (AML) rules for ”unhosted” private wallets. The new guidelines would require crypto service providers — most commonly exchanges — to verify the identity of every individual behind an unhosted wallet […]

Continue Reading

EU eyes new money laundering regulator and stricter crypto reporting requirements

EU eyes new money laundering regulator and stricter crypto reporting requirements

The new Anti-Money Laundering Authority would comprise the “centerpiece” of a new supervisory system that would include national regulators. 1654 Total views 6 Total shares The European Union is looking to launch a new agency designated with cracking down on money laundering at the regional level, with increased reporting requirements around crypto transactions listed among […]

Continue Reading