February 20, 2019 BY Valentina Kirilova

CySEC proposes adoption of AML provisions on cryptocurrencies into national law

The Cyprus Securities and Exchange Commission (CySEC) today released a consultative paper proposing that the legal provisions made in the 5th AML Directive (AMLD5) be adopted into the country’s law. Today’s announcement is a result of concerns raised by legal entities dealing in crypto assets whose needs are not being met by the current regulations.…

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