The new body, which began work in July, will monitor compliance with pan -European legislation in the fight against money laundering (Aml). Amla Chairman Bruna Szego reported that new rules have been introduced from the current month for the crypto business:
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checking all the beneficiaries and shareholders of crypto platforms;
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a ban on anonymous wallets and private coins (Monero, Zcash, etc.);
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Direct access to government agencies to customer accounts.
According to this, special attention will be paid to both the origin of capital in virtual coins and geography in order to exclude the connection of crypto companies with the laundering of funds and the financing of terrorism.
This noted the risks of the fragmentation of cryptocurrency. In different EU countries, AML rules can be interpreted in different ways, which complicates supervision of all crypto industry. Tighting the norms of business verification will simplify the fight against illegal financial transactions using cryptocurrencies, the head of the department explained.
Earlier, the Circle Strategic Development Director in Europe, Patrick Hansen, said that 53 cryptocurrencies received permission to work in the EU since the entry into force of the law on regulation of cryptocurrencies in the EU.
Source: Bits

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