Quoting EU tightens regulations on transfers of digital assets

Companies that transfer bitcoin or other cryptoassets must collect sender and recipient details to help crack down on dirty money. EU policymakers proposed on Tuesday in the latest effort to tighten sector regulations.

The law proposed by the European Commission, which is the EU's executive body, will apply what are known as travel rules on crypto transactions to allow traceability.สล็อตออนไลน์

The rule, one of the recommendations of the Intergovernmental watchdog, the Financial Action Task Force (FATF), is now in effect on bank transfers.

“Today's amendment will allow full traceability of crypto asset transfers such as bitcoin and will help prevent and detect potential uses for money laundering or terrorist financing. ” the commission said in a statement.

The company that manages cryptoassets for clients must include the client's name, address, date of birth. and account number and the name of the person who will receive the cryptoassets.