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.

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