On Tuesday, MEPs adopted new measures aimed at combating money laundering. A specific point concerns anonymous transfers over 1000 euros.
On Tuesday, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs Committees adopted new European measures aimed at combating money laundering and the financing of terrorism. The text (adopted with 99 votes for, against 8 votes against and 6 abstentions) contains provisions relating to the crypto sector.
"Obligated entities, such as banks, asset and crypto-asset managers, real and virtual real estate agents or top professional football clubs, will be required to verify the identity, ownership and structure of control over their customers", underlines a press release from the European Parliament.
These entities "will also have to establish detailed types of money laundering and terrorist financing risk in their sector of activity, and transmit the relevant information to a central register", can we read.
MEPs want to set money transfer limits of up to 7,000 euros for cash payments and 1,000 euros for transfers of crypto-assets "for which the customer cannot be identified", adds the European Parliament. Concretely, "all purchases of goods and services in cryptos with a value greater than 1,000 euros from a non-hosted wallet will be authorized if, and only if, the owner, or beneficiary, of the wallet can be identified", specified the MEP Aurore Lalucq, who has been waging a battle against the sector for several years.
Cryptocurrency exchange platforms will also have to set up a procedure for identifying and verifying users "for all transactions carried out with a non-hosted wallet" from 0 euro, specifies the MP.
