France moves to ban anonymous crypto accounts to prevent money laundering

Cointelegraph

Published Dec 10, 2020 08:07AM ET

Updated Dec 11, 2020 10:20AM ET

French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing.

On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts.

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