EU Finalizes Crypto Anti-Money Laundering Rules, Walks Back Tracking of Private Wallets – Decrypt
The European Union (EU) reached a deal on Wednesday regarding anti-money laundering rules that would apply to a large number of cryptocurrency transactions. The new rules aim to prevent money laundering and terrorist financing, among other crimes, by requiring crypto-assets service providers to collect and store information identifying people involved in cryptocurrency transactions, as well as hand the information over to authorities that are conducting investigations.