EU members imposing stricter requirements on crypto than Brussels

Pedro Gonçalves
clock • 1 min read

Countries across Europe are enforcing stricter oversight of cryptocurrencies than that required by the European Union's bloc-wide Anti-Money-Laundering (AML) regulatory regime.  The Czech Republic's transposition of the EU)'s Fifth AML Directive (AMLD5) imposes a hefty fine — up to half a million koruna or roughly $20,000 — on cryptocurrency firms should they fail to register their operations with the national Trade Licensing Office. Germany has approved new anti-money laundering regulations that will enter into force next year that will make mandatory for digital asset exchanges as w...

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