ICYMI – EU is looking to ban anonymous crypto asset wallets
20 Jul 2021
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”