European Union Limits Cash Purchases and Increases Scrutiny on Crypto Transactions
The European Union has decided to limit cash purchases to €10,000 and ensure more scrutiny on crypto transactions above €1,000. Members of the bloc announced this on December 7, stating that it was part of efforts to prevent money laundering. Czech minister for Finance Zbyněk Stanjura said their “intention is to close these loopholes further and to apply even stricter rules in all EU member states. Large cash payments beyond €10.000 will become impossible. Trying to stay anonymous when buying or selling crypto-assets will become much more difficult.”. risk of money laundering in each member country.
Source
https://t.me/Kucoin_Coins_Token
