European Union Votes for Closer Regulation of Cryptocurrencies

With a majority vote, the European Parliament has reached an agreement to enforce closer regulation of cryptocurrencies.

A December 2017 agreement with the European Council that proposed closer regulation of cryptocurrencies to prevent their abuse in money laundering and terrorism financing has found support from EU Parliament members in a vote on Thursday, a press release revealed.

The new legislation, which seeks to completely erode the anonymity associated with cryptocurrency, exchange platforms and custodian wallet providers, passed after 574 votes for and 13 votes against with 60 abstentions.

Reference: https://www.ccn.com/european-union-‘votes-for-closer-regulation-of-cryptocurrencies/

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