EU Proposes Law to Ensure Full Traceability of Crypto Transfers, Ban Anonymous Wallets
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will be prohibited.”
New EU Rules Ban Anonymous Crypto Transactions and Wallets
The European Commission presented a set of legislative proposals Tuesday aimed at strengthening the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. Among the proposals is a revision of the 2015 Regulation on Transfers of Funds “to trace transfers of crypto-assets.”
Europe mulls anonymous crypto-wallet ban, rules to make transfers more traceable
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Beating financial crime: Commission overhauls anti-money laundering and countering the financing of terrorism rules
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