EU's anti-money laundering bill passes final vote, here's what | 🔸️Ethereum | Bitcoin & Altcoin News
EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers
The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms in a bid to combat money laundering. The European Parliament voted on Wednesday to adopt a package of laws that would in part enhance "due diligence measures and checks on customers’ identity" including so-called crypto asset managers. They would also have to report suspicious activities to authorities.
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