EU Anti-Money Laundering Bill Passed; What's Ahead for Crypto-Asset Service Providers
Wednesday, 24 April 2024, 21:56
Key Highlights:
The European Parliament has passed new due diligence requirements for crypto firms, aiming to enhance transparency.
Important Points:
- Final Vote: The anti-money laundering bill has been formally approved by the European Parliament.
- Impact on Crypto Firms: Crypto-asset service providers will need to comply with stricter regulations and due diligence measures.
Overall, this development signals a clear push towards stronger regulatory oversight within the European Union for the cryptocurrency sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.