European regulator: CASPs ought to work on protocol interoperability, self-hosted wallets

The European Union’s banking regulator, the European Banking Authority (EBA), needs to replace present Anti-Cash Laundering and Combatting the Financing of Terrorism (AML/CFT) guidelines for crypto suppliers.

In a session paper printed on Nov. 24, the EBA explains that present European laws are now not ample to control AML/CFT requirements compliance amongst crypto suppliers. The proposed new business tips are meant to deal with these points, and the EBA has given events till Feb. 26, 2024, to remark.

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