The EU anti-money laundering regulation has been approved by the vote of the Parliament's Economic Affairs and Internal Market Committee

ChainCatcher news, members of the European Parliament's Economic and Internal Affairs Committee voted in favor of the anti-money laundering regulation with 99 votes in favor, 8 against, and 5 abstentions. This anti-money laundering regulation aims to close regulatory gaps, requiring DAOs, NFTs, and DeFi platforms to comply with regulations alongside traditional financial companies, and sets a payment limit for commercial transactions involving self-custody wallets. Before entering the next phase of negotiations, the anti-money laundering text will undergo a full vote in Parliament. If the regulation passes, credit and financial institutions will be required to conduct due diligence measures when executing cryptocurrency transactions exceeding €1,000 ($1,080).

Additionally, there are enhanced due diligence measures for agency relationships with cryptocurrency service providers outside the EU, as well as payments involving self-custody wallets. Establishing commercial relationships with unlicensed entities is prohibited. For commercial crypto payments, transactions exceeding €1,000 from self-custody wallets will be restricted unless the wallet owner is identified. (source link)