The EU has rolled up its sleeves to create a new institution to control the crypto money ecosystem and money laundering incidents on the ecosystem.
It is known that the policy makers of the European Union are in the final stages of preparation for a new supervisory institution that will bring direct supervision and control over crypto money companies. At the heart of the new legislation, anti money laundering includes the creation of an EU-wide regulator for Although the negotiation stages have not been completed yet, policy makers have decided to establish such a regulatory body. the basic consensus seems to have been accepted.
The institution in question to be established by the EU parliament members Anti-Money Laundering Authority Judging by the Commission and Advisor reports submitted for (AMLA), at least “high-risk” crypto firms Controlling as financial service providers and inspection is foreseen. Regulatory law on such exchanges full data acquisition authority It wants to address it and carry it out without compromise within EU member states.
The central theme of the regulatory proposal is that “EU member states should treat cryptocurrency exchanges like financial institutions.” From the negotiation lawyers Tomasz Krawczyk He makes the following points on the subject:
If an EU member state does not properly enforce these regulations, the European Commission has the right to take Malta, for example, to the European court of justice.
Especially with the final stages of money laundering laws over cryptocurrencies, the EU parliament is competent on the subject. The number of personnel with technological capability increases. EU parliament of regulatory agency law after the end of August is scheduled to be completed and put into effect.