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UK is about to force open source (crypto related) non-custodial developers of into AML

https://www.fca.org.uk/publication/policy/ps19-22.pdf Page 35, point 46: However, firms should note that 5AMLD will be transposed into UK law by 10 January 2020 to introduce AML requirements to certain cryptoasset activities. The Government has announced that in the UK they will go beyond the scope of 5AMLD which proposes to extend AML/CTF regulation to entities carrying out the following activities: • exchange services between one cryptoasset and another, or services allowing value transactions within one cryptoasset exchange or peer-to-peer exchange service provider • cryptoasset Automated Teller Machines • transfer of cryptoassets (In...

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Published By: Reddit - 08-10-2019