It’s long been in the works, but new rules for cryptocurrency could be coming to the EU as early as 2018.
The new rules are actually amendments to existing EU rules on “the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.”
The background to this is something UK’s Treasury economic secretary Stephen Barclay said in parliament about a month ago, that the UK government is negotiating the amendments to the 4th Anti-Money Laundering Directive and that the negotiations, which the EU calls a “trilogue”, will conclude in late 2017 or early 2018.
On Monday, a European Commission official told Fortune that the trilogue will happen next week, with the amendment being officially recorded into EU law within about two months from then.
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