JUST IN: EU lawmakers voted in favor of imposing limits on payments for unverified crypto users. By jackschickler.
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Lawmakers on two key committees in the European Parliament have voted in favor of imposing limits on payments by unverified crypto users, as part of a large scale overhaul of money laundering laws.
The plans, considered alongside measures to forbid businesses from accepting large cash payments and create a new European Union Anti-Money Laundering Agency, AMLA, were approved by the parliament’s Economics and Civil Liberties committees on Tuesday, with six abstentions.
The measures were proposed following a string of dirty money scandals within the bloc, including the Pandora Papers leaks and concerning the processing of Russian funds by Danske Bank. The vote allows negotiations to begin with the Council, representing EU member states, which has sought to outlaw cryptocurrencies that
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