To curb the money laundering activities of cybercriminals, the European Commission proposed tightening the rules for transferring cryptocurrencies.
The European Commission intends to reduce the number of large anonymous transactions involving digital assets, given that most of them may be associated with money laundering. The regulator has prepared a range of proposals to eradicate such incidents. So, in Europe, they may soon oblige various crypto platforms and exchanges to collect more information (contact and personal data) about the senders of large sums of money in digital assets.
In particular, it is said in the message, operators of translation services will have to have the following information about the sender: full name, residence address, account number, contact details, number and series of identity cards, taxpayer identification number.