The European Union is continuing and making more and more efforts to fight financial crime, as confirmed by the new and stricter rules set out in the latest plan under the slogan #EUstopsdirtymoney.
Under the new rules, the European Union has not forgotten about the cryptocurrency sector, to which it has devoted a whole paragraph. In this case, the EU warns that all crypto asset service providers must comply with EU AML / CFT rules.
According to Bloomberg, this measure should mainly concern the ban on anonymous transactions with cryptocurrencies, which means that only those companies whose customers go through the verification process (KYC) could operate in the EU.
The fact that the European Union does not ignore cryptocurrencies was also confirmed by Mairead McGuinness, the European Commissioner for Financial Stability, who stated at a press conference on Tuesday.
We shouldn’t have different rules for the financial system. They should apply across digital currencies as well,”. Mairead McGuinness
The European Union also confirms the creation of a new body with 250 employees, which will serve as the supervisor of risky financial institutions.