In the last few years, the European Union authorities have been making efforts to introduce a system to fight money laundering with digital currencies.
At the end of March 2020, the European Parliament proposed a bill to verify users of cryptocurrency exchanges.
Last Wednesday, the legislative body of the EU voted to approve the bill, with the majority of parliamentarians voting in favor.
This bill requires trading platforms to verify each user and track the flow of funds through virtual currencies.
Supporters of the bill believe this will reduce the risk of criminal use of bitcoin or other digital currencies. Before voting, the parliament discussed the need for crypto companies to obtain licenses, as well as the need to monitor the reserves of stablecoin issuers to prevent the issuance of fiat tokens.
