EU tightens rules for crypto transactions

The EU is taking tougher action against money laundering with cryptocurrencies like Bitcoin. EU countries and the European Parliament agreed on a law on Thursday night to track crypto transfers. Thus, crypto platforms will have to determine information about senders and recipients when they process transactions in the future. It does not matter how much the transferred amount is. In the event of an investigation into money laundering or terrorism, the providers must also forward the information to the relevant authorities.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the Europe.Table? Log in now

Related

    Latvia and Estonia leave 16+1 format
    EU Commission criticizes EV passage in US climate package
    ESA chief: current energy crisis small compared to climate change
    IEA and OPEC present different oil demand forecasts