The proposed changes to EU law will force companies that transfer Bitcoin or other digital assets to collect details about recipients and senders.
Such proposals will make digital assets more traceable. The SLOT ONLINE EU Commission said and will help stop money laundering and terrorist financing.
This new rule will prohibit anonymous crypto wallets.The proposal can take two years to become law.The Commission argued that transfers of crypto assets should
be subject to the same anti-money laundering rules as bank transfersSince the transfer of virtual assets carries similar money laundering and terrorist financing risks, as with bank transfers, Therefore, it is reasonable to use the same legal tools to address these common issues,” the Commission wrote.