NEWS: EU plans to track crypto transfers, Eurogroup President Paschal Donohoe tells EAFCS 2025
By PAUL O’DONOGHUE, Senior Correspondent
THE EU is pushing for crypto transfers to be tracked, according to Eurogroup President Paschal Donohoe.
Mr Donohoe, who is also Ireland’s Minister for Finance, said the move could see increased transparency around the senders and recipients of crypto assets.
“Another element of the work that we’re doing at an EU legislative level is a reclass of performance transfer mechanisms,” he said during a keynote address at the ‘European Anti-Financial Crime Summit 2025’ (EAFCS).
“Specifically, to record data on the senders and recipients of funds [so it] now applies to crypto asset service providers.
“It’s essential that we broaden the scope of this kind of…
