End of Crypto-Anonymity? EU to Allow Regulators to Monitor Coins, Wallets
Posted: Tue Jun 19, 2018 3:51 pm
On Tuesday the EU published its Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843), aiming to both detect and investigate money laundering, and prevent it from occurring.
The new directive, amending the prior Directive (EU) 2015/849, was passed by the European Parliament and the European Council and published in Official Journal L156 of the European Union.
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Combating anonymity
The directive acknowledges the inclusion of providers will not completely remove all anonymity with virtual currencies, and in large part, the environment will remain anonymous as it is not essential to make transactions with such providers.
However, to combat the ... (read more)