The European Union is reportedly planning to create a new anti-money laundering agency for oversight of crypto companies.
The European Union’s new money laundering agency is scheduled to be responsible for oversight of crypto companies, Bloomberg reported on Tuesday. According to the news, which is based on sources familiar with the subject, the new regulator will begin its activities in the next two years. It is stated that if the institution in question is established, the AML environment in Europe may change.
Blockchain intelligence platform Chainalysis noted in its 2021 crypto crime report that crypto-asset-related money laundering has increased by 30% over the past year. On the other hand, these criminal activities had reached an all-time low in terms of percentage of all blockchain transactions.
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