EU's anti-money laundering bill passes final vote

The European Parliament has adopted new rules to combat money laundering in the crypto industry. The laws require crypto firms to implement due diligence measures and report suspicious activities. They apply to asset managers, service providers, and centralized exchanges. The rules will be formally adopted by the Council of the EU and take effect in three years. The laws do not ban anonymous crypto wallets or self-custodial payments. This is seen as a positive outcome for the industry, thanks to industry efforts and a risk-based approach