Share this article
EU to Propose New Agency for Crypto Crackdown
Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers.
Updated Sep 14, 2021, 1:22 p.m. Published Jul 8, 2021, 12:00 p.m.
The European Union (EU) is to propose a new agency and new rules concerning crypto-asset transfers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The EU is responding to calls for tougher action fighting money laundering, according to reports.
- The European Commission, the trading bloc's executive arm, is proposing an Anti-Money Laundering Authority (AMLA) to take "decisions towards some of the riskiest cross-border financial sector obliged entities," according to EU documents Wednesday, the reports said.
- Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers, something that is currently outside the scope of EU rules for financial services.
- Until now, anti-money laundering regulation has been the remit of the EU's 27 member states, but the Commission says problems such as terrorist financing and organized crime should be addressed centrally.
- Pressure for the EU to take firmer action on money laundering has mounted since the Danske Bank scandal of 2007-2015, in which €200 billion ($235 billion) of suspicious transactions flowed through an Estonian branch of the Danish bank.
Read more: EU Regulators Warn Again on Crypto Investment Risks
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Why bitcoin ETFs look like they’re falling short, even as their role grows: Asia Morning Briefing
What looks like underperformance reflects a structural shift: ETF flows now smooth volatility rather than amplify crypto rallies.
Ce qu'il:
- Bitcoin ETFs are unlikely to surpass last year's inflow record, with traders assigning only a 2% chance of beating it in 2025.
- Despite a gap in ETF inflows, they continue to play a stabilizing role in the market, absorbing risk rather than amplifying price swings.
- Bitcoin has been consolidating around $87,000 to $88,000, performing better than the broader crypto market, while Ether has underperformed.
Top Stories
