Liam Tung
| July 21, 2021 — 11:03 GMT (12:03 BST)
| Topic: Innovation
Bitcoin: UK explores the creation of a central bank digital currency
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The European Commission (EC) has outlined a set of proposals that aim to regulate cryptocurrency transfers more tightly using existing anti-money laundering (AML) and countering terrorism financing (CTF) laws.
A key change is that it will ban all cryptocurrency service providers from offering anonymous cryptocurrency wallets, while existing AML rules would be expanded to the whole crypto sector, including all crypto-asset service providers (CASPs).
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Liam Tung
| July 21, 2021 — 11:03 GMT (12:03 BST)
| Topic: Innovation