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Media: EU lawmakers will vote to block anonymous cryptocurrency transactions

Media: EU lawmakers will vote to block anonymous cryptocurrency transactions

Current FATF recommendations on the regulation of cryptocurrencies and cryptocurrency service operators require companies to identify the recipient of a payment exceeding €1,000. National governments in the European Union have proposed abandoning the lower limit when extending the rules to cryptoassets, as large transactions can be broken down into smaller ones – a practice known as “smurfing”.

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