Tag: EU Comission

EU Commission Unveils Action Plan to Deal with Virtual Currency and Terrorist Financing

The European Commissions has unveiled a plan to further curb terrorist financing. According to the new proposal, digital currency exchanges and cryptocurrency wallet providers will be subject to tighter regulations and more extensive data gathering requirements. “The Commission is planning to bring virtual currency exchange platforms under the scope of the Fourth Anti-Money Laundering Directive, in order to help identify the users who trade in virtual currencies. In addition, the …
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