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UK Pushes for EU Anti-Money-Laundering Regulations to Cover Crypto

Posted: Sun Dec 03, 2017 11:37 pm

The UK Treasury has announced a plan to include cryptocurrency under the umbrella of the European Union’s anti-money-laundering rules. Historically, the rules have required stock traders to provide information regarding their personal identities and exchanges to disclose any suspicious behavior to the appropriate law enforcement officials.

This push for regulation comes just a week after the United States’ Internal Revenue Service (IRS) commanded the widely-used Coinbase wallet to provide information regarding the personal identities and transactional histories of its customers.

While the United States government’s drive to regulate seems to be mostly motivated by the desire to profit off of ... (read more)