EU Policymakers Propose Tighter Regulation of Crypto Transfers

EU Policymakers Propose Tighter Regulation of Crypto Transfers

European Union (EU) policymakers proposed tighter regulation of transfer of crypto assets, with companies required to collect details of senders and recipients.

  • The executive of the EU, the European Commission, proposed the rule Tuesday to help crack down on the flow of illicit money.
  • Such a law would extend to crypto the Financial Action Task Force's "travel rule" that already applies to wire transfers.
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