European Cryptocurrency Exchanges Get Ready for Heightened Scrutiny with AMLD5

European Cryptocurrency Exchanges Get Ready for Heightened Scrutiny with AMLD5

As the EU members adopt AMLD5, cryptocurrency exchanges in the region will be forced to increase their compliance costs. The Fifth Anti-Money Laundering Directive brings these entities under the purview of existing regulators. The cryptocurrency exchanges based in EU member states will have to comply with the AMLD5, which came into effect on January 10.