European Parliament Votes for Tighter Crypto AML Regulations

Crypto AML regulations

Members of the European Parliament decided to vote in favour of tighter crypto AML regulations. These anti-money laundering reforms will include closer regulation for cryptocurrencies. 574 members voted in favour of this, with only 13 votes against and 60 abstentions, according to an EUP press release.

The press release stated that this is the fifth update to the EU’s anti-money laundering directive, known as ‘5AMLD,’ that is a follow up to the terrorist attacks in Paris and Brussels in 2015 and 2016, and also the Panama Papers leaks.

The new reforms have been created …

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