Transfer of cryptocurrency funds and licenses
April 28 2023
cryptocurrency funds and licenses

Recently, the European Parliament approved a new comprehensive regulatory regime for fund transfers and cryptocurrencies.

With the issuance of the comprehensive crypto law, cryptocurrency service providers will be required to obtain a license to operate in the EU and to comply with certain security and consumer protection requirements. Additionally, a regulatory framework will be established for fund transfers, which will include measures to prevent money laundering and terrorist financing.

EU member states will have two years to implement this regulation.

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