Members of the European Parliament (MEP) have adopted draft legislation strengthening EU rules against money laundering and terrorist financing with MEPs set to negotiate the final shape of the legislation with EU governments. The parliament will vote on it during its plenary session in April.
Ernest Urtasun MEP says: “Criminals thrive where rules allowing for confidentiality allow for secrecy and anonymity. With this proposal for a regulation, the EU will close this loophole.”
Under the new rules, cryptoasset transfers will, much like traditional money transfers, have to include information on their source and the beneficiary, including transactions from private user digital wallets.
