Europe Starts War Against Illegal Activities Using Crypto

[Vladar49]

In Europe alone, cryptocurrencies are estimated to be facilitating by around 4 percent of all money laundering undertakings. In June last year, the European Union (EU) completed the 5th Anti-Money Laundering Directive (AML5) in an attempt to address the malevolent activities.

The European Commission approved its new list of 23 countries with premeditated paucities in their anti-money laundering (AML) and counter-terrorist financing (CTF) contexts.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/europe-starts-war/

[kventin.upgrade]

Europe Has a Long Way to Go The direction EU has taken on crypto can be branded as focal. However, the EU wants to extend its AML regulations and handle crypto anonymity and also support the crypto-to-crypto exchanges. This task in my opinion can be compared with one of the feats of Hercules