EU May Implement New Rules For DeFi And DAO

Members of the European Parliament submitted amendments for consideration, after the adoption of which the DeFi sector and DAO will have to comply with AML/CFT procedures, regardless of their identification.

According to the authors, who were representatives of the European Green Party and Socialists, these amendments will help reduce the risks of money laundering and terrorist financing.

The amendments also apply to wallets that are not managed by any regulated service provider.

The changes may also affect NFT platforms that act as intermediaries for asset trading.

Earlier, the Council of the European Union and the European Parliament agreed on the provisions of the bill on the regulation of cryptocurrencies (MiCA).

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