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France moves to ban anonymous crypto accounts to prevent money laundering

Published 12/10/2020, 08:07 AM
Updated 12/11/2020, 10:20 AM
France moves to ban anonymous crypto accounts to prevent money laundering

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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