- Cryptocurrency exchanges could be forced to collect the details of people sending and receiving crypto under new rules proposed by the European Commission.
- The proposed law would apply these rules to the entire crypto sector, forcing service providers like crypto exchanges to carry out due diligence on their users.
- Anonymous crypto-asset wallets would also be banned under the new law – just as anonymous bank accounts already are – in an effort to make transactions using Bitcoin and other cryptos fully traceable.
[Via]
