As we know, cryptocurrency popularity is on the rise. This is resulting in more companies accepting cryptocurrency as payment however, the way in which these transfers occur is changing.
Anonymity when transferring crypto payments is now becoming a thing of the past as a new EU rule requires the recipient and sender to remain the information of each party involved.
This will allow suspicious transactions in particular of large money, to be detected which is crucial when it comes to money laundering prevention.
But it could take up to two years for these rules to be approved by parliament, meaning by the time the rule passes, will crypto-criminals have found another way to use the system?