EU's new Anti-Money Laundering Authority (AMLA) issues warning to crypto exchanges and service providers about stricter compliance requirements starting this month.

Regulators must now assess beneficial owners and shareholders of crypto companies to ensure they're not involved in money laundering or terrorist financing.

New AML rules prohibit anonymous wallets and privacy coins, requiring crypto firms to provide direct government access to account data by July 2027.

EU's new Anti-Money Laundering Authority (AMLA) issues warning to crypto exchanges and service providers about stricter compliance requirements starting this month.

Regulators must now assess beneficial owners and shareholders of crypto companies to ensure they're not involved in money laundering or terrorist financing.

New AML rules prohibit anonymous wallets and privacy coins, requiring crypto firms to provide direct government access to account data by July 2027.

https://decrypt.co/330410/eu-anti-money-laundering-warns-crypto-firms