EU Plans to Restrict Private Crypto Wallets

EU Plans to Restrict Private Crypto Wallets

On Tuesday, the European Commission revealed a proposal that would prohibit the use of “anonymous crypto asset wallets” as part of its fight on financial crimes. The proposal would expand EU anti-money laundering and countering terrorism financing (AML/CFT) rules to the crypto sector, the commission said, because “only certain categories of crypto-asset service providers” are…