New EU Crypto Regulation Accepted
April 25, 2024
On April 24, the European Parliament approved new regulations aimed at combating money laundering, imposing official due diligence requirements on companies dealing with cryptocurrencies. According to the new rules, crypto-asset service providers (CASP) falling under the scope of the Markets in Crypto-Assets Regulation (MiCA) will be required to conduct due diligence on their customers, verify their identities, and report any suspicious activities to the authorities.
