The European Banking Authority has reported its anti-money laundering and counter-terrorist financing guidelines now apply to cryptocurrencies.
According to the regulator, the decision has been made with the aim of helping crypto asset service providers identify their risk of exposure to financial crime due to their "customers, products, delivery channels and geographical locations."
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The guidelines also provide a description of how crypto companies should adjust their anti-financial crime measures.
According to these, crypto asset-related companies can make use of blockchain analytics tools.
The guidelines will apply from December 30, 2024.