AMLD5 fills 'regulatory void' for crypto firms, but state-by-state rules pose challenges

Quick Take

  • Europe’s continent-wide regulation AMLD5 is slated to take effect January 10
  • Crypto-to-fiat firms and custodial wallets will be required to implement baseline AML procedures, filling what was once a “regulatory void”
  • Different nations are taking different approaches to ramp up AML efforts, which could be challenging for crypto firms operating in more than one jurisdiction.
The days are counting down to a crypto-regulated Europe, with some firms even closing their doors ahead of the January 10 deadline for anti-money laundering directive five (AMLD5) compliance. But, David Carlisle, head of community at blockchain analysis provider Elliptic, said the cost of compliance under the new directive is actually quite manageable. In places like […]

Subscribe to The Block to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

More