EU plans to ban large anonymous transfers of cryptocurrency as an anti-money laundering measure 20 July 2021

The European Commission has submitted a new proposal that would require crypto-asset service providers to collect additional anti-money laundering information from those who utilize cryptocurrency for money transfers in order to prevent money laundering activity. According to this proposal, service providers conducting transfers must obtain the transferor’s name and address, account number and official personal document number and the name and account number of the recipient of the crypto-assets.


CH-019037 (Webpage Portal)
2021-07-20 (Published)
2021-07-28 (Updated)