EU Plans to Restrict Private Crypto Wallets


536
536 points



On Tuesday, the European Commission revealed a proposal that would prohibit the use of “anonymous crypto asset wallets” as part of its fight on financial crimes.

The proposal would expand EU anti-money laundering and countering terrorism financing (AML/CFT) rules to the crypto sector, the commission said, because “only certain categories of crypto-asset service providers” are currently subject to them.

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536
536 points