EU PROVISIONALLY AGREES TOUGH CRYPTO DUE DILIGENCE MEASURES TO COMBAT MONEY LAUNDERING

Summary from the TLDR Crypto newsletter

The EU has agreed on provisional measures to tackle money laundering via cryptocurrencies. The Anti-Money Laundering Regulation enforces due diligence requirements for crypto firms for transactions over 1,000 euros. The regulation targets potential sanction evasion and money laundering risks and also oversees transactions involving "self-hosted" wallets. The measures are not intended to ban privacy-enhancing crypto. The agreement is now awaiting formal approval.