On April 24, 2024, the European Parliament approved new regulations targeting money laundering within the cryptocurrency sector. These rules impose mandatory due diligence and identity verification for customers. They apply to crypto asset managers and centralized exchanges. The legislation enhances existing Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. Under the Markets in Crypto-Assets The post EU Sets Crypto AML Standards: Here Is What You Need to Know appeared first on Coin Edition .
