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June 19, 2019, 08:32:16 AM |
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The Lithuanian Cabinet of Ministers approved the amendments to the law on combating money laundering and terrorist financing, prepared by the Ministry of Finance, which regulate the activities of cryptocurrency companies.
The amendments were drafted in accordance with the European Union Directive on the Prevention of the Use of the Financial System for Money Laundering or the Financing of Terrorism.
In accordance with the amendments, cryptocurrency exchanges and companies using a similar commercial model must identify the customer’s identity in the event that he carries out a transaction of more than € 1,000. --- remember, shit happens not only in eastern europe, it may happen anywhere at anytime
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