Members of the European Parliament’s economic affairs and home affairs committees have voted in favor of the anti-money laundering regulation, with 99 for, eight against and six abstentions. After weeks of back-and-forth negotiations between policymakers and stakeholders, the committees’ members agreed on their version of the text. The vote allows the files to enter the next stage of negotiations where the Parliament. For crypto, there are multiple implications. For one, decentralized autonomous organizations, NFT platforms and DeFi platforms will be subject to the AML rules. They will be obliged to comply as long as they are “controlled directly or indirectly, including through smart contracts or voting protocols, by identifiable natural and legal persons,” according to a draft obtained by The Block. Unlike the EU’s soon-to-be-enforced Markets in Crypto-Assets regulation, the anti-money laundering bill does include decentralized platforms as obliged entities. The aim of the AML file is to close the regulatory gap.
Crypto antimoney laundering rules passed by MEPs
