EBA Extends AML Travel Rule Guidelines to Crypto Service Providers
The European Union (EU) is intensifying its efforts to combat money laundering and terrorist financing. The European Banking Authority (EBA) has announced new guidelines for crypto-asset service providers (CASPs) on July 4 that will come into effect on December 30, 2024.
The EBA has extended its Travel Rule guidelines to encompass crypto-asset service providers (CASPs) and their intermediaries.
This move seeks to strengthen Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) efforts within the EU’s cryptocurrency sector.
The #EBA has just published new guidelines on the information that should accompany transfers of funds and certain crypto assets.
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