Securities Law News

Cryptocurrency Exchanges in Denmark to Fall Under AML Rules

Nov. 22, 2019, 1:02 PM

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:
Christian Wienberg in Copenhagen at cwienberg@bloomberg.net

To contact the editors responsible for this story:
Tasneem Hanfi Brögger at tbrogger@bloomberg.net...

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