Europe tightens crypto regulations with new anti-money laundering laws

Oluwapelumi Adejumo

Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. According to the statement: “The new laws include enhanced due diligence measures and checks on customers’ identity, […]

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Europe tightens crypto regulations with new anti-money laundering laws