Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»The EU’s anti-money laundering bill has passed a final vote. Here’s what’s next for cryptocurrency service providers:
ADOPTION NEWS

The EU’s anti-money laundering bill has passed a final vote. Here’s what’s next for cryptocurrency service providers:

By Crypto FlexsApril 25, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The EU’s anti-money laundering bill has passed a final vote.  Here’s what’s next for cryptocurrency service providers:
Share
Facebook Twitter LinkedIn Pinterest Email

The European Parliament has adopted new rules formally imposing due diligence requirements on cryptocurrency companies to prevent money laundering.

The European Parliament voted on Wednesday to adopt a bill that would partially strengthen it.We carry out ‘due diligence measures and verification of the identity of our customers, including the so-called cryptocurrency asset managers’. They are also required to report any suspicious activity to authorities.

According to The Block previously, the new law will affect numerous entities, including cryptocurrency asset service providers (CASPs), such as centralized cryptocurrency exchanges, as well as gambling services. report.

Patrick Hansen, Circle’s EU strategy and policy director, said the vote was expected. post At X.

“The package will now also be formally adopted by the EU Council and will come into effect in three years,” Hansen said.

rumor

Hansen last month exposed It has been rumored that the new law will ban anonymous cryptocurrency wallets and self-managed payments. The new law will apply to CASPs already regulated under the Markets in Cryptoassets Regulation (MiCA), Hansen said. mica Is regulatory framework It is a European Union proposal to govern digital assets and their markets, which is scheduled to come into effect in June 2023 and be fully implemented by the end of the year.

“These CASPs must follow standard KYC/AML procedures such as customer due diligence (CDD),” Hansen said. post. “This is not new, as all cryptocurrency exchanges and custody wallet providers in the EU are already currently subject to these obligations under AMLD5.”

Overall, the final version is a “great result” for the cryptocurrency industry, Hansen said.

“Previous versions of the proposed AMLR proposed a more stringent approach, implying KYC for self-managed rights senders/recipients, but thanks to industry efforts, a risk-based approach with a range of options has finally been agreed upon,” Hansen said. said.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 25, 2025

Pioneering Real-World Asset Tokenization In The U.S. Market

July 25, 2025

How to travel to the world with encryption wallet?

July 25, 2025

LFG… Launches AI Alpha Pilot For Meme-Coin Hunters

July 24, 2025

Zircuit Launches AI Trading Engine For Lightning-Fast, Cross-Chain Trading

July 24, 2025

Bybit Card Celebrates Two Million Users With Limited-Edition Collectible And 1 BTC Giveaway

July 24, 2025

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

XRP Holders Multiply Wealth 10X – Safely & Fast

July 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 25, 2025

Pioneering Real-World Asset Tokenization In The U.S. Market

July 25, 2025
Most Popular

Cryptocurrency experts predict a massive price surge in the price of XRP. Could it be $20?

April 10, 2024

SolanaVM provides 68 billion worth of EVM dApps to Solana via an EVM-compatible L2 chain.

May 9, 2024

A look at the complexities of DeFi V1 and the debate over financial fundamentals | CoinDesk – Defi Information

January 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.