The European Union has adopted cryptocurrency rules that impose a limit of 1,000 Euros as part of its efforts to prevent money laundering.
European Parliament and Council, Wednesday, January 17 Cryptocurrency transfers in the region today subject to serious surveillance signed a decision. In the decision taken, cryptocurrency companies All transfers of 1,000 Euros and above Within the scope of “customer due diligence measures” check obligation was brought.
On the other hand, a new article has been added to these rules to audit transactions made through hardware wallets within this scope. The step in question is specific to the cryptocurrency industry. Anti-Money Laundering Regulation (AMLR) It was stated that it was included in order to be implemented in a healthy way.
defined as the European Union bloc and This agreement covers 27 countries of the frame “temporaryWhile it is stated that, in the coming period, new additions or deletions may be made It was implied.
Making a statement on the subject, the Belgian Minister of Finance Vincent Van PeteghemThis agreement aims to prevent money laundering and terrorist financing. has a critical value emphasized:
This agreement is an integral part of the EU’s new anti-money laundering system. It will improve the way national systems are organized and work together to counter money laundering and terrorist financing. In this way, there will be no room for fraudsters, organized crime groups and terrorists to legitimize their income through the financial system.
The regulatory framework for the cryptocurrency market prepared by the European Union in the summer of last year MiCA It was published in the official gazette and the countdown was started for it to come into force.
at this point Cryptocurrency exchanges operating in Europe It rolled up its sleeves to review its activities in order to comply with the regulatory framework. of MiCA On December 30, 2024 It is planned to come into force comprehensively.