Over the past few years, the EU authorities have been trying to implement a mechanism to combat money laundering through digital currencies. At the end of March last year, the European Parliament called for the development of a bill on verification of users of Bitcoin exchanges.
The day before, members of the EU legislature adopted this document. The overwhelming majority of European parliamentarians voted for it. This document obliges trading platforms to verify each user and analyze the movement of funds in virtual currencies.
According to supporters of the bill, it will minimize the risks of criminal use of Bitcoin or other digital currency. The adoption of the bill was preceded by a discussion in the European Parliament, which took place last Wednesday.
The deputies agreed that it is necessary to license crypto companies.
Particular attention should be paid to monitoring stablecoin issuers. Authorities will review their reserves to prevent the release of unbacked tokens.
