TechFlow reports that EU policymakers have reached a provisional agreement requiring all cryptocurrency firms to conduct customer due diligence. The new Anti-Money Laundering Regulation (AMLR), aimed at combating sanctions evasion and money laundering, mandates that crypto companies apply customer due diligence for transactions exceeding 1,000 euros.
The agreement also strengthens risk controls related to transactions involving self-hosted wallets. Belgium's Finance Minister stated that this is a key component of the EU's new anti-money laundering framework, which will improve how national systems counter money laundering and terrorist financing.
Add to Favorites
Share to Social Media
