The U.K.’s FCA revealed that since January 10, 2020, 291 digital asset firms have applied for registration under the 5th Anti-Money Laundering Directive (5MLD), but only 38 firms were approved.
Lawmakers in Spain are currently drafting new rules that would implement the Fifth Anti Money Laundering Directive into national law.
Blockchain analysis tools revealed the highest percentage of Wasabi Wallet transactions ended at darknet markets, followed by exchanges.
AIB said its concerns stem from a delay in importing the Fifth Anti-Money Laundering Directive (5AMLD) into domestic law.
The U.K.’s financial regulator implements new, stricter guidance to the existing 5AMLD.
The closures have so far been isolated to LocalBitcoins accounts in Africa, the Middle East, and Asia.
