Voted in favor of restricting crypto trading where customers cannot be identified. The European Parliament said that “entities such as banks, asset and virtual asset managers, real estate and virtual estate agents, high-level professional football clubs should verify the identity of their customers, their property and who is in control of their company. you have to,” he said. emphasized.
MEPs to vote on new EU regulations
On Tuesday, the European Parliament’s (MEP) Economic and Monetary Affairs Committee (ECON) and the Civil Liberties, Justice and Family Members Issue The Commission (LIBE) has adopted a position on three draft bills on the financing provisions of the EU’s anti-money laundering and combating the financing of terrorism (AML/CFT) policy.
One of the three was a ‘single rulebook’ regulation aimed at harmonizing financial regulation across the EU. It was adopted with 99 votes, 8 abstentions and 6 abstentions, according to a statement by the European Parliament. The regulation includes “provisions for conducting due diligence on clients, transparency of beneficial owners, use of anonymous instruments such as crypto assets, and new entities such as crowdfunding platforms.”
“According to the adopted text, entities such as banks, asset and crypto asset managers, real estate and virtual realtors, and high-level professional football clubs are required to verify the identity of their customers.
To limit cash and cryptocurrency transactions, MEPs want to limit the payments that can be accepted by those who offer goods or services. It has set limits of up to €7,000 for cash payments and up to €1,000 ($1,084) for non-customer identifiable cryptocurrency transfers.
MEP Aurore Lalucq tweeted: At , she explained that the new law would specifically affect cryptocurrency trading platforms and non-fungible tokens (NFTs).
She was not included in the new market for cryptocurrency regulation (MiCA). NFTs are subject to anti-money laundering regulations and underscored that NFT platforms must comply with these legal obligations.Lalucq said the European Anti-Money Laundering Agency (AMLA)
Additionally, due diligence procedures will be put in place for transactions made on non-hosted wallets, she said, adding that owners Or purchases over €1,000 will be approved only if the beneficiary can be identified.Furthermore, the parliamentarians said that relationships with unregistered or unauthorized platforms and entities are prohibited and that AMLA does not allow these entities
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