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News Explorer — EU Crypto Anti-Money Laundering Bill Passes Final Vote

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Apr 24, 9:56 pm
The Block

EU Crypto Anti-Money Laundering Bill Passes Final Vote

The European Parliament has adopted new rules that will require crypto firms to implement due diligence measures to combat money laundering. The laws will enhance customer identity checks and reporting of suspicious activities for crypto asset managers and other institutions, including centralized crypto exchanges and gambling services. The new regulations will be formally adopted by the Council of the EU and will come into effect in three years.

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