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EU to Propose New Agency for Crypto Crackdown
Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers.
Updated Sep 14, 2021, 1:22 p.m. Published Jul 8, 2021, 12:00 p.m.
The European Union (EU) is to propose a new agency and new rules concerning crypto-asset transfers.
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- The EU is responding to calls for tougher action fighting money laundering, according to reports.
- The European Commission, the trading bloc's executive arm, is proposing an Anti-Money Laundering Authority (AMLA) to take "decisions towards some of the riskiest cross-border financial sector obliged entities," according to EU documents Wednesday, the reports said.
- Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers, something that is currently outside the scope of EU rules for financial services.
- Until now, anti-money laundering regulation has been the remit of the EU's 27 member states, but the Commission says problems such as terrorist financing and organized crime should be addressed centrally.
- Pressure for the EU to take firmer action on money laundering has mounted since the Danske Bank scandal of 2007-2015, in which €200 billion ($235 billion) of suspicious transactions flowed through an Estonian branch of the Danish bank.
Read more: EU Regulators Warn Again on Crypto Investment Risks
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- 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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