A few weeks ago, there was a proposal from 3 lone members of the European parliament, but it's much more serious now with this proposal. It's coming straight from the European Commission in Brussels:
Virtual currency exchange platforms can be considered as 'electronic' currency exchange offices that trade virtual currencies for real currencies (or so-called 'fiat' currencies, such as the euro). On the other hand, virtual currency wallet providers hold virtual currency accounts on behalf of their customers. In the 'virtual currency' world, they are the equivalent of a bank offering a current account. They store virtual currencies and allow for their transfers to other wallets/virtual currency accounts.
There is a growing consensus in Europe that virtual currency exchange platforms should be subjected to 'know-your-customer' rules under the Fourth Anti-Money Laundering Directive, which will have to identify and verify the identity of the person exchanging virtual currencies for real currencies and vice versa.
No more anonymous transactions in Europe. That's their goal.
Topic: EU plans KYC regulations for online wallets and exchanges services - page 3. (Read 1706 times)
February 02, 2016, 07:30:26 PM
Jump to: