AML 5 Directive Makes KYC Mandatory For Crypto Exchanges steemCreated with Sketch.

in #newslink • 5 years ago

Just received mail from Stex exchange saying users will have to complete kyc from start of next year to use the exchange :/

Apparently, it's because of EU’s 5th Anti-Money Laundering Directive, which will come into force on 10th January next year, it makes kyc mandatory for European based exchanges and custodian wallet providers.

Further Reading: https://www.elliptic.co/our-thinking/5th-aml-directive-eu-regulation-cryptocurrency

#news #aml5 #busy #europe
5 years ago in #newslink by
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     5 years ago 

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