-1.94% Bitcoin (BTC) 90250.1 EUR
-1.57% Ethereum (ETH) 2070.7 EUR
-0.87% Litecoin (LTC) 72.41 EUR
+5.04% B-Cash (BCH) 444.84 EUR
+0.48% Ethereum (ETH) 0.0232098 BTC
+1.13% Litecoin (LTC) 0.00081103 BTC
+6.94% B-Cash (BCH) 0.00492981 BTC
-1.05% Bitcoin (BTC) 107609.0057 USDC
-0.77% USD Coin (USDC) 0.84 EUR
-1.55% Chainlink (LINK) 11.21 EUR
+0.27% Chainlink (LINK) 0.00012442 BTC
-3.31% Dogecoin (DOGE) 0.13 EUR
-1.29% Dogecoin (DOGE) 0.00000152 BTC
-2.78% Uniswap (UNI) 5.99 EUR
-1.20% Uniswap (UNI) 0.00006645 BTC
-1.62% Cardano (ADA) 0.47 EUR
0.00% Cardano (ADA) 0.00000529 BTC
-0.37% Tron (TRX) 0.23 EUR
+1.15% Tron (TRX) 0.00000263 BTC
-2.43% Shiba Inu (SHIB) 0.00000963 EUR
-7.81% Zcash (ZEC) 31.43 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
-10.71% Arbitrum (ARB) 0.3291 USDC
-0.78% Chainlink (LINK) 13.09 USD
-0.73% Chainlink (LINK) 13.13223 USDC
-2.02% Uniswap (UNI) 7.004 USDC
-2.94% Ondo (ONDO) 0.63 EUR
-2.45% Ondo (ONDO) 0.74904 USDC
-6.22% Gala (GALA) 0.01 EUR
-5.45% Gala (GALA) 0.0137 USDC
-2.74% Wormhole Token (W) 0.06 EUR
-2.33% Wormhole Token (W) 0.0709 USDC
-4.76% Chiliz (CHZ) 0.02 EUR
-4.06% Chiliz (CHZ) 0.03418 USDC
-3.03% Sand (SAND) 0.19 EUR
-2.17% Sand (SAND) 0.2333 USDC
-1.51% Aave (AAVE) 226.3 EUR
-0.63% Aave (AAVE) 266.91 USDC
+1.01% Curve DAO (CRV) 0.43 EUR
+1.77% Curve DAO (CRV) 0.5157 USDC
-5.31% Immutable X (IMX) 0.36 EUR
-4.43% Immutable X (IMX) 0.431 USDC
0.00% Skale (SKL) 0.07 USDC
-4.09% Beam (BEAM) 0 EUR
-3.33% Beam (BEAM) 0.00551 USDC
0.00% Axelar (AXL) 1.05 USDC
-4.12% Livepeer Token (LPT) 5.14 EUR
-3.51% Livepeer Token (LPT) 6.069 USDC
-5.07% Compound (COMP) 36.07 EUR
-4.24% Compound (COMP) 42.59 USDC
+5.18% Coti (COTI) 0.04 EUR
+5.89% Coti (COTI) 0.0521 USDC
0.00% Portal (PORTAL) 1.1 USDC
+4.94% Sushi (SUSHI) 0.51 EUR
+4.77% Sushi (SUSHI) 0.6034 USDC
+6.74% Pepe (PEPE) 0 EUR
+6.81% Pepe (PEPE) 0.00000988 USDC
+7.79% Optimism (OP) 0.48 EUR
0.00% Polygon (MATIC) 0.2 EUR
+10.10% Solana (SOL) 133.64 EUR
+10.67% Solana (SOL) 0.001463 BTC
+7.89% Solana (SOL) 0.063179 ETH
+0.34% USD Coin (USDC) 0.72 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

EU officials reach agreement on AML authority for supervising crypto firms

06-30-2022

The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs.

 

In a Wednesday announcement, the council said it had agreed on a partial position of a proposal to launch a dedicated Anti-Money Laundering Authority, or AMLA. According to the regulatory body, the AML body will have the authority to supervise “high-risk and cross-border financial entities” including crypto firms — “if they are considered risky.”

 

European Parliament member Ondřej Kovařík said EU officials had also reached a “provisional political agreement” on the government body’s Transfer of Funds Regulation. Not all the details of the revision are clear at the time of publication, but Cointelegraph reported that a March draft of the regulation could require crypto service providers to collect personal data related to transfers of any size made to and from unhosted wallets, as well as potentially verify their accuracy.

 

“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. “The rules won’t apply to P2P transfers where there is no obliged entity involved CASPs will be required to collect information and apply enhanced due diligence measures with respect to all transfers involving unhosted wallets, on a risk basis.”

 

First proposed in July 2021, the AMLA should be operational in 2024 and “start the work of direct supervision slightly later,” according to the European Commission. The financial watchdog will be one of the first regulatory institutions with the authority to oversee money laundering across large regions of Europe, coordinating with respective countries’ financial intelligence units and working with local regulators.

 

Source: Cointelegraph