The 5th AMLD which amends the 4th AMLD released only in 2015, came into effect on July 9, 2018. As per the news, under 5th AMLD, virtual assets and the service providers are now being recognized as obliged entities (Similar to banks, gambling business, payment processor and gaming business), which means crypto businesses can show evidence of compliance with relevant regulations and must be treated in the same way as other businesses.

Watch Secretary-General Blockchain for Europe, Robert Kopitsch, talking about meeting 5th AMLD regulation and its impact on EU businesses in an interview.

Source - BLOCKTV NEWS | Youtube

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