Newslink: EU Adopts Rules to Reduce Anonymity for Crypto Users
newslink·@zatrhas·
0.000 HBDNewslink: EU Adopts Rules to Reduce Anonymity for Crypto Users
https://news.bitcoin.com/wp-content/uploads/2018/05/shutterstock_279505526_1600.jpg > A directive affecting the crypto sector in Europe has been adopted by the EU Council. The document updates the anti-money laundering legislation of the European Union to address, among other issues, “the risks linked to virtual currencies.” The new rules aim to reduce anonymity for both users and transactions with requirements for know-your-customer procedures that crypto platforms will have to implement. Meanwhile, a high-ranking ECB official has called for segregating the crypto business from traditional finances. https://news.bitcoin.com/eu-adopts-rules-to-reduce-anonymity-for-crypto-users/