Bloomberg: EU reaches agreement on crypto regulation requiring personal data collection on every transfer

Bloomberg: EU reaches agreement on crypto regulation requiring personal data collection on every transfer. “The European Parliament and Council reached a provisional agreement to force crypto providers to provide identifying information on all digital asset transactions, despite an industry backlash. The so-called transfer of funds regulation, or TFR, seeks to strengthen anti-money-laundering requirements to ensure that crypto transfers can always be traced and suspicious transactions blocked.”

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