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Analysis

New EU Rules Could Bring Cryptocurrencies Into The Light

Law360, London (August 8, 2018, 10:01 PM BST) -- New European regulations that will take anonymity out of cryptocurrencies could be the nascent market’s entry into mainstream finance, with legal experts predicting that new laws will convince more businesses and investors that payment innovations like bitcoin are legitimate.

The new AML directive allows market watchdogs to catch up with a new market in which virtual currencies such as bitcoin are growing. (AP) The key will be new European Union anti-money laundering rules, known as 5AMLD, introduced last month and coming into effect starting January 2020....
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