Exchanges and brokerages in Denmark that offer trading between cryptocurrencies and regular money will now have to follow the country’s anti-money laundering regulations.
The companies will have to register with the Danish Financial Supervisory, and must from Jan. 10 adhere to the anti-money laundering laws to avoid criminals using trades to launder money or finance terrorism, the regulator said in a statement on Friday. The requirement also applies to companies that offer virtual wallets.
To contact the reporter on this story:
To contact the editors responsible for this story:
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.