EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms

Date:

Share post:



EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms

“The risks of this happening can be increased, for example because of the speed of crypto-asset transfers or because some products contain features that hide the user’s identity. Therefore, it is important that CASPs know about these risks and put in place measures that effectively mitigate them,” the statement said.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Why Health Savings Accounts (HSAs) Aren’t Always Worth The ‘Triple Tax Savings’ Advantage

Health Savings Accounts (HSAs) have become an increasingly popular tool for financial advisors and their clients due...

11 Editor-approved Safety Essentials for Hostels

As a solo traveler who loves to go on international trips, I firmly believe that hostels...

Gold-Backed Crypto Set to Benefit as Wall Street Raises Price Estimates to Upto $3,000 Amid Macro Risks

Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from...
Verified by ExactMetrics