EU approves new crypto regulations to enhance due diligence, tackle money laundering

EU approves new crypto regulations to enhance due diligence, tackle money laundering

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The European Parliament has approved new regulations aimed at increasing due diligence measures and identity checks within the cryptocurrency sector, a significant step intended to combat money laundering activities. EU’s new due diligence obligations for crypto companies Approved on April 24, the legislation mandates that crypto-asset service providers (CASPs), including centralized exchanges and other entities […]

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