UK Unveils Crypto AML Strategy, Vows To Outpace Europe

UK authorities have vowed to go “significantly beyond” the requirements of the EU’s 5th Anti-Money Laundering Directive (5th AMLD) when it comes to cryptocurrency firms, as concerns grow over links to illicit activity.

The announcement was made by a task force comprising representatives from the Financial Conduct Authority (FCA), Bank of England and HM Treasury, with a report published alongside Monday’s government budget.

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