USDC Issuer Circle Responds to EU’s Proposal To Expand Crypto Regulatory Oversight - The Daily Hodl
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USDC stablecoin issuer Circle responds to proposed changes to EU's financial crime policies impacting crypto companies.
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Proposed amendments seek to provide standards for crypto asset service providers to identify and mitigate money laundering and terrorist financing risks.
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Circle welcomes guidelines but raises concerns on lack of clarity in terminology, assumption that technology increases risks, and inclusion of EU firms exempt from regulations.
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Circle suggests using existing EU crypto regulation terminology, not assuming technology increases risks, and excluding exempt EU firms.
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Proposed changes would extend EU anti-money laundering and terrorist financing guidelines to crypto asset service providers.
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