EU seeks deal on ground-breaking rules to regulate crypto

Times of India

Lean Right

European Union inks deal on crypto transfer tracing rules

EU negotiators signed a provisional agreement for the 27-nation bloc's first rules on tracing transfers of crypto assets like bitcoin, which is aimed at clamping down on illicit transfers and blocking suspicious transactions. When a crypto asset changes hands, information on both the source and the beneficiary would have to be stored on both sides of the transfer, according to the new rules.