The European Union has agreed to impose tougher rules on cryptocurrencies to prevent money laundering and the financing of terrorism. They will affect exchange online platforms for Bitcoin and other cryptocurrencies, according to DW.

“This agreement will bring greater transparency to improve the fight against money laundering and cut off the flow of money to terrorists”, – said the European Commissioner for justice Vera jourova.

Among other things, new EU rules require Bitcoin platform and online crypto-currency wallets to identify users, enter the restricted use of prepaid cards for payment.

In addition, will allow the investigating authorities to have more access to information, in particular to banking registers, as well as provide for “persons with a justified interest” access to trust property.

The EU decision was taken at the Wake of the rapid growth of bitcoin exchange rate, which has risen more than 1,700% for the current year.

The EU decided to end the anonymity of Bitcoin platforms 18.12.2017

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