Connect with us

ICOs/Crowdsales

KyberSwap is Leaving Europe Over 5AMLD Concerns

Published

on

Regulation can affect a lot of companies in very different ways. The recently introduced AMLD change in Europe is causing plenty of headaches for crypto service providers.

It is evident that European officials want to put an end to money laundering.

KyberSwap is Moving out of Europe

To do so, they will introduce the fifth anti-money laundering directive.

This new requirement has severe consequences for cryptocurrency service providers in Europe.

All providers need to perform proper AML and KYC checks at all times.

This also means companies need to maintain records of their customers’ accounts, transactions, and financial sources.

For ...

Read More

Continue Reading

Latest

Companies