EU to Require Exchanges to Identify Most Crypto Transactions
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EU policymakers have reached a deal on a new bill that seeks to clamp down on crypto money laundering activity. The bill seeks to apply wire transfer obligations to crypto transfers by requiring CASPs to collect and send customer data with transactions. Transactions between unhosted wallets, those not controlled by exchanges, remain unaffected. The legislation is part of the union’s anti-money laundering package and will be aligned with the Markets in Crypto-assets rules (MiCA) The latest bill complements existing measures currently being pursued within the bloc including clamping down on what it perceives as shady crypto activity, the EU said. It's the latest development following MiCA, first introduced to parliament in 2020, which sets out common rules for crypto regulation across all 27 Source