Recently the European Commission (EC) announced plans to apply the EU anti-money laundering and counter-terrorist financing regulations (the Fourth AML Directive or 4AMLD) to digital currency exchanges and possibly wallet providers. This move is a part of the EC’s broadening action against terrorist financing, CoinDesk reports.
But while this news comes as no surprise, another EC proposal, far less publicized and somewhat overlooked, has the potential to revolutionize the current state of affairs in digital currency regulation in the EU.
Hackneyed idea
The intention to embrace digital currencies by AML/CTF regulations has been expressed many times by the EU institutions – for example, by the European Banking Authority in 2014, and by others after terrorist attacks in Paris in February and November 2015. read more of this post here, https://www.onecoin.eu/backend/news/details/eu_proposal_cryptocurrencies. read the original post here, www.coindesk.com
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