European Banking Authority: Cryptocurrency companies should be cautious of customers using privacy tokens or self-custody wallets

ChainCatcher news, the European Banking Authority (EBA) stated in a draft guideline released on Wednesday that cryptocurrency companies should pay attention to customers using privacy tokens or self-custody wallets when monitoring potential money laundering activities. The EBA proposed amendments to its "money laundering and terrorist financing" risk factors guidelines to set out the steps that crypto asset service providers (CASPs) should take to effectively identify and mitigate these risks.

In addition, the guidelines also express the desire for banks accepting cryptocurrency customers to check their regulatory licenses and ownership. The guidelines will be open for public consultation until August 31. (source link)