EU members adopt tougher crypto rules than AML directive requires
Europe is gradually tightening the rules for the crypto space. A wave of new regulations is introducing stricter requirements for companies operating in the industry, and cryptocurrency users are going to feel the difference in the coming months.
The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) into national law by January. Unfortunately, they often go beyond what Brussels wants them to do.
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