The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against, and six abstentions.
European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing.
According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer in cases when a customer can’t be identified. Cash transactions will also be capped at 7,000 euros ($7,585).
The AML/CTF package is set to be confirmed in a plenary session in April. After that, negotiations on the final shape of the bills will begin, it said.
Aujourd’hui a eu lieu un vote important au @Europarl_EN dans le domaine de la lutte contre le blanchiment d’argent et le financement du terrorisme.
— Aurore Lalucq (@AuroreLalucq) March 28, 2023
Cela concerne notamment les #NFT et les plateformes de cryptos. Thread pic.twitter.com/qP95NsQ3Cw
It was noted that the European Anti-Money Laundering Authority (AMLA), which was formed in June 2022, would eventually enforce the rules.
“For us, it is important the new authority cooperates very closely with national supervisors and that it directly supervises the riskiest crypto asset service providers and companies in the financial sector that operate in several member states,” said Emil Radev, co-rapporteur for the AMLA.
The text relating to the use of anonymous instruments, including crypto assets, was overwhelmingly approved by lawmakers — “with 99 votes to 8 and 6 abstentions.”
The newly adopted texts indicate that the introduction of the bill will require a greater level of transparency and compliance, particularly from crypto-asset managers. It noted:
“Entities, such as banks, assets and crypto assets managers, real and virtual estate agents and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company.”
It was also noted that these industries will need to establish specific types of risks associated with money laundering and terrorist financing within their business area and relay this relevant information to a centralized registry.
Related: European Commission to ensure ‘healthy competition’ in the metaverse
This comes after the European Banking Federation (EBF) released a paper on March 28 detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular.
The EBF proposed a three-tiered model for the digital euro, including a European Central Bank role and two industry levels — the first to interact with the single Euro Payments Area and an “Industry Level B” that would be subsequently developed and operated by the private sector.
In related news, the final vote on the European Union’s set of crypto rules, known as the Markets in Crypto Assets (MiCA) regulation, was recently deferred to April 2023.
This is not the first time European lawmakers have rescheduled the procedure, having previously pushed it back from November 2022 to February 2023.
Magazine: The secret of pitching to male VCs: Helping female crypto founders blast off
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marcushenderson624
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09.10.25 11:05
marcushenderson624
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09.10.25 11:05
marcushenderson624
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11.10.25 04:41
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12.10.25 01:12
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12.10.25 21:36
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elizabethrush89
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robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 21:52
harristhomas7376
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