ICYMI – EU is looking to ban anonymous crypto asset wallets

ICYMI – EU is looking to ban anonymous crypto asset wallets

Some overnight new on cryptocurrency, the European Union wants to ensure traceability of crypto transfers

The EU proposing:

  • firms that transfer cryptoassets (Bitcoin for example) must collect details of senders & recipients

EU ways this is to help track money laundering and other illegal activities.

Statement from the Commission:

  • “Today’s amendments will ensure full traceability of crypto-asset transfers, such as bitcoin, and will allow for prevention and detection of their possible use for money laundering or terrorism financing” 

BTC update:

Some overnight new on cryptocurrency, the European Union wants to ensure traceability of crypto transfers

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