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EU Policymakers Propose Tighter Regulation of Crypto Transfers
The European Commission made the proposal to help crack down on flows of illicit money.
Updated Sep 14, 2021, 1:28 p.m. Published Jul 20, 2021, 2:59 p.m.
European Union (EU) policymakers have proposed tightening regulations on the transfer of crypto assets by requiring companies to collect details of senders and recipients.
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- The European Commission, the EU's executive arm, made the proposal Tuesday to help crack down on the flow of illicit money.
- Such a law would extend to crypto the Financial Action Task Force's "travel rule" that already applies to wire transfers.
- The aim of the legislation would be to "ensure full traceability of crypto-asset transfers" and "allow for prevention and detection of their possible use for money laundering and terrorism financing," the Commission said.
- The travel rule requires service providers to exchange identifying information such as customer's name, address and account details.
- Extending these requirements to crypto transfers would prohibit the use of anonymous crypto wallets.
Read more: US Crypto Giants Build First Version of FATF-Compliant ‘Travel Rule’ Tool
UPDATE (July 20, 15:31 UTC): Adds quote from commission, details of travel rule requirements.
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알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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