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27.12.2019

 

The closure of cryptocurrency companies due to new EU laws.

 

The other day it became known that 2 cryptocurrency companies are closing due to the 5th directive to combat money laundering, which will enter into force on January 10, 2020.

At this pace, they want to take control of the entire cryptocurrency and soon, it will become impossible to buy or sell cryptocurrency via the Internet platform.

So, the company Simplecoin informed the user that from January 1, 2020, work will be stopped due to new rules that imply broader requirements for the procedures for passing AML and KYC.

For the same reason, the Bitcoin Chopcoin game platform is closing.

And further more, due to the law, many cryptocurrency companies “will not survive”.

So while there is an opportunity, exchange, buy and sell cryptocurrency anonymously, already next year there will most likely be no such opportunity.

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