Regulations are coming! Money laundering will have some hardships now!!

Hello everyone!!! Check out the new regulation that will cause fear among the ranks of Organized Crime!!!

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Thanks for clicking the post and please leave a comment down below about what you think of this article!! Have a great Thursday gang!!

Seems the EU (European Union) is tightening the crypto belt and with good reason! they just introduced a bill titled Transfer of Funds Regulation, making exchanges requiring to collect transfer and user data on transfers and give them to the appropriate authorities if they are required during an ongoing investigation regarding money laundering or terrorist financing. So KUDOS on the EU to start regulating this type of transactions and perhaps this will give investors a more safe feeling regarding crypto. Ernest Urtasun, the co-rapporteur of the bill stated that: “This new regulation strengthens the European framework to fight money laundering, reduces the risks of fraud, and makes crypto-asset transactions more secure, and its one of the most ambitious travel rule for transfers of crypto assets in the world".

BAAAM! keeping it safe of fraud and money laundering and terrorist funding controlled.

By Anisha Pandey

Source: 

https://www.cryptonary.com/eu-to-curb-money-laundering-via-crypto-exchanges-to-track-transfers/

A good regulation don't you agree??

Be well my friends and stay safe!! 

Your friendly cryptor AndyHuerta.