The proposed law will require companies that transfer digital assets to collect the details of the sender and the recipient in any transaction, to help authorities track dirty money. And it is acting on the recommendation of the Financial Action Task Force (FATF), an inter-governmental regulator.
Providing anonymous crypto wallets will also be banned, just as anonymous bank accounts have already been banned under EU Anti-Money Laundering rules. According to a statement released by the Commission:
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
