The European Parliament urges EBA to create a register of “unreliable” cryptocurrencies – Bits Media

EU deputies, within the framework of the rules for identifying cryptocurrency owners, suggest creating a list of cryptocurrencies, potentially at risk of money laundering and financing terrorism.

Members of the European Parliament posted a document with new rules, According to which European banking management (EBA) will have to create a register of cryptocurrency companies, risk of money laundering, financing of terrorism and other criminal activity.

“Deputies of the European Parliament want, so that [EBA] created a public register of enterprises and services, associated with crypto actures, which may have a high risk of money laundering, financing of terrorism and other criminal activity, Including the list of suppliers, not complied by the requirements ", - The document says.

The rules are part of the last EU voting about that, that cryptocurrency exchanges are required to collect and provide information about users of their own wallets, trading on the platform, According to the "Know your Client" (KYC).

“Before you make crypto assets available to the beneficiaries, Suppliers must be convinced, that the source of the asset does not fall under restrictive measures and that there are no risks of money laundering or financing of terrorism ", - explain the deputies.

ERNEST URNEST URNEST URNEST CONSUMENTION CONSURATION (Ernest greater) claims, that this change will close the loophole, which criminals use to carry out illegal activities.

“Illegal streams of crypto assets are moving around Europe and the world almost unnoticed. As the recent incidents showed money laundering from “Panamanian documents” to “Pandora documents”, Criminals flourish there, where the rules allow secrecy and anonymity. The proposal of the EU will close this loophole ", - said Urtasun.

According to Coinbase CEO Brian Armstrong (Brian Armstrong), New changes cancel the existing EU privacy standards, Creating the basis for mass surveillance. He considers, that it negates all the EU work, aimed at that, to become a world leader in the field of legislation and confidentiality policy.

“The bill of parliament considers the cryptocurrency and every person, which owns cryptocurrency, otherwise, than the owner of the fiat ", - said Armstrong.

The European Union is increasingly tightening the rules for regulating cryptocurrencies. Last week, the European Parliament committees advocated the ban on anonymity of cryptocurrency transactions. In April, the European Union parliament should vote for new strict rules for tracking and identifying crypto acting transactions.