[2018-02-28] Malaysian Central Bank: ID Now Needed For Any Crypto Exchange Trans

[NASdaq]

Cryptocurrency exchanges in Malaysia must now fully identify traders after new central bank anti-money laundering legislation came into effect Tuesday, Feb. 27.

A copy of the legislation and official press release from the Bank Negara Malaysia (BNM) states that any exchanges offering crypto-to-fiat, fiat-to-crypto and even crypto-to-crypto trading must “identify the customer and verify that customer’s identity.”


https://cointelegraph.com/news/malaysian-central-bank-id-now-needed-for-any-crypto-exchange-transaction

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[Vektrum]

This is now the anonymity of the crypto currency. It seems that such rules will be introduced by almost all states. Now, almost anonymously, it will be possible to send transactions only from an individual to an individual. All the rest will be under the total control of the state and under the pretext of combating money laundering. But there's nothing to be done.