Norway has made an early start on implementing the 5th Anti-Money Laundering Directive (5th AMLD), introducing the new measures governing virtual currency exchanges despite concerns from experts that the move has been considered too lightly.
Last week, the Ministry of Finance announced that it had established a new money laundering regulation that would require all providers of virtual currency exchange and storage services to register with Finanstilsynet, the country’s financial supervisor.
“All exchanges between virtual currency and official currencies from all countries are included,” the ministry said.
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