The European Union is planning to track cryptocurrency transfers, according to remarks made by Eurogroup President Paschal Donohoe.
Speaking yesterday at the European Anti-Financial Crime Summit 2025, Donohoe, also Ireland’s Minister for Finance, discussed how the EU is working to apply long-standing AML regulation to crypto.
Specifically, the Eurogroup President explained that the EU seeks “to record data on the senders and recipients of funds [so it] now applies to crypto-asset service providers.”
Such an expansion of AML regulation is “essential” according to Donohoe, who added that the EU wants to move such regulation “beyond the more traditional forms of financial transfer” and allow for “the transparency of crypto…
May 11 2025
