The European Parliament and Council have agreed to measures, including for crypto firms to apply 'customer due diligence measures when carrying out transactions amounting to €1,000 or more.' The deal also adds measures to mitigate risks in relation to transactions with self-hosted wallets.
This agreement is part and parcel of the EU's new anti-money laundering system. It will improve the way national systems against money laundering and terrorist financing are organized and work together. This will ensure that fraudsters, organized crime and terrorists will have no space left for legitimizing.
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