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The European Union Adopts Rules to Reduce the Anonymity of Crypto-Currency Users

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May 21, 2018 | 

1944 Views | 

Joanna Newman | 

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The Council of the European Union has just adopted new directives on crypto-currencies in Europe. The paper discusses the various risks associated with cryptographic currencies and updates the anti-money laundering regulations of Europe to adapt to the use of cryptocurrencies. The main purpose of the new rules is to reduce the anonymity of transactions and users with customer identification requirements that platforms will need to put in place.


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ECB suggests separation of cryptographic activities and traditional finance








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