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Crypto poses money laundering threat to EU, watchdog warns

EU notes and crypto
Technological features, cross-border operations, and anonymity-enhancing capabilities are to crypto risks for EU. Photo: Chesnot/Getty Images

The EU has traditionally taken a cautious approach to crypto and has strong regulations governing the digital assets industry.

Europe’s newly established anti-money-laundering authority has warned that the growing crypto industry poses a serious risk of allowing dirty money flow in and out of the bloc, if not monitored properly.

Bruna Szego, Chair of the bloc’s Anti-Money Laundering Authority (AMLA), has said Europe should have strong regulation in place

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