The European Parliament and the European Council agreed to a new set of rules on Friday that target exchange platforms for bitcoin and other virtual currencies.
The new measures would require platforms that previously allowed users to remain anonymous to identify them.
What do the new measures entail?
How were the changes received?
Europe’s Justice Commissioner Vera Jourova hailed the new rules, saying: “Today’s agreement will bring more transparency to improve the prevention of money laundering and to cut off terrorist financing.”
Rights group Transparency International said the deal was a “breakthrough” but noted that certain loopholes remain, including a “lack of public access to information on the beneficiaries of trusts and similar arrangements.”
The EU lawmaker in charge of the issue, Dutch politician Judith Sargentini, noted that certain EU member states opposed the new measures as they were concerned they might have a negative impact on their economies. She said the opposing countries included Britain, Malta, Cyprus, …