EU Anti Money Laundering Agency warns crypto companies to comply with new regulatory requirements

Odaily Planet Daily News: The European Union's Anti Money Laundering Authority (AMLA) has issued a warning to the cryptocurrency industry, requiring companies to comply with upcoming stricter regulatory requirements, including the ban on anonymous wallets and privacy coins. The new regulations require regulatory agencies to review the actual owners and shareholders of cryptocurrency service providers to ensure that they are not involved in money laundering or terrorist financing activities. Cryptocurrency companies also need to provide government agencies with direct, immediate, and unfiltered access to account data. These measures will be fully implemented before July 2027. Previously, France and the Netherlands had launched anti money laundering investigations into Binance, involving issues of terrorist financing and tax fraud. （Decrypt）