EU’s new anti-money laundering law to impact crypto exchanges

Cryptopolitan

EU’s new anti-money laundering law to impact crypto exchanges

The new legal regulations would affect cryptoasset service providers centered around the exchanges under the EU framework. The European Parliament has adopted new regulations establishing rigorous due diligence obligations for cryptocurrency entities to suppress money laundering. Crackdown on crypto money laundering The law provides new activities focused on the role of “due diligence measures and identity checks,” it extends to entities that ca…