EU members reportedly plan for AML watchdog to oversee crypto firms by 2024

EU members are reportedly planning to establish an Anti-Money Laundering (AML) watchdog by 2024, which will oversee crypto firms, as emphasized by European Parliament member Luis Garicano, who stressed the importance of explicitly including crypto-assets within the new authority's scope.

Summary

"It is key that the scope of the new EU authority explicitly includes crypto-assets," said Luis Garicano, a member of the European Parliament.

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