EU Parliament Votes to Tighten Controls on Cryptocurrencies and Require Registration of Exchanges

Today, April 20th, EU Parliament voted in a December agreement by 574 votes to 13 votes (with 60 abstentions), which proposed tighter regulation for digital currencies in attempts to prevent the coins from being used for money laundering and terrorism financing. 

The agreement will also permit EU citizens to learn about the true owners of ‘letterbox companies,’ lessens the anonymity of prepaid debit card holders, and seeks to protect whistle blowers who report money laundering.

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