Skip to Primary Navigation

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

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience