European Parliament Passes Anti-Money Laundering Laws for Cryptocurrencies

 Financial Entities Must Be More Transparent Under New Law


Entities, such as banks, asset and crypto-asset managers, real and virtual real estate agents, and top professional football clubs, will be required to verify the identity of their customers, what they own, and who controls the company,” reads a press release from the European Parliament.
The press release adds that these same companies will also need to collect information from their customers and submit it to a centralized database:

FOR MORE INFO: ccbfinances.com

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