European regulators tighten control over the cryptocurrency market
Date: 2025-07-17 Author: Gabriel Deangelo Categories: BUSINESS
A specialized body, AMLA (Anti-Money Laundering Authority), has recently started working in the EU, whose task is to monitor the implementation of pan-European standards for combating money laundering (AML). According to AMLA Chairman Bruna Szego, the crypto sector must now strictly comply with the updated requirements. Key innovations include mandatory verification of all beneficiaries and shareholders of crypto platforms, a ban on the use of anonymous wallets and private coins such as Monero and Zcash, as well as ensuring direct access of government agencies to user accounts.
Bruna Szego emphasizes that special attention is paid to the origin of funds passing through cryptocurrency services, as well as their geographical location. This is necessary to minimize the risks of links to money laundering and terrorist financing. At the same time, she noted the problem of different interpretations of AML rules in individual EU countries, which complicates unified control over the crypto market. The new rules are aimed at simplifying the detection and suppression of illegal financial transactions using cryptocurrencies.
Earlier, Patrick Hansen, an expert on strategic development at Circle in Europe, reported that since the implementation of the MiCA (Markets in Crypto-Assets) law, 53 crypto companies have received licenses in the EU, which reflects the growing formalization of the industry.
Thus, European regulators are seeking to create a more transparent and controlled environment for crypto businesses, ensuring the protection of the financial system from abuse and strengthening trust in digital assets. The new AML rules will help reduce opportunities for anonymous transactions and improve cooperation between government agencies and crypto platforms in the EU.
