TechFlow news, July 17 — According to Decrypt, the European Union's Anti-Money Laundering Authority (AMLA) has issued a warning to the cryptocurrency industry, urging companies to comply with upcoming stricter regulatory requirements, including bans on anonymous wallets and privacy coins. The new rules require regulators to examine the beneficial owners and shareholders of crypto asset service providers to ensure they are not involved in money laundering or terrorist financing activities. Crypto firms will also be required to provide government agencies with direct, immediate, and unfiltered access to account data. These measures will be fully implemented by July 2027. Previously, France and the Netherlands have launched anti-money laundering investigations into Binance regarding terrorist financing and tax fraud issues.
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