Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules
Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
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Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
The final version of the bill’s text, reviewed by CoinDesk in July, revealed that it contained a smart-contract kill switch clause.