EU Wants To Ban Anonymous Crypto Wallets In An Effort To Counter Money Laundering And Terrorism
Samyuktha Sriram, 21 July 2021
The European Union (EU) has proposed banning anonymous cryptocurrency wallets as part of a new set of amendments to counter money laundering and terrorism.
What Happened: One of the four legislative proposals introduced on Tuesday proposed a revision of the 2015 regulation on the transfer of funds to trace crypto assets.
“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,” said the Commission in a statement. Continue reading “Article: EU Wants To Ban Anonymous Crypto Wallets In An Effort To Counter Money Laundering And Terrorism”
