European Police Forces Want Tougher KYC Measures for Cryptocurrency

European Police Forces Want Tougher KYC Measures for Cryptocurrency

Unexpectedly, Europol, the EU’s law enforcement cooperation agency, has called on EU member states to pressurize crypto businesses to enforce tighter know-your-customer (KYC) policies. In addition, the organization wants exchanges to communicate more with regulators to combat what it believes is a rising crime wave powered by cryptoassets and privacy wallets. According to the Internet Organized Crime Threat Assessment report, …