The De Nederlandsche Bank is requesting that companies who provide these services register with the DNB before May 18.
The Autorité des Marchés Financiers set out its views in response to a consultation process led by the European Commission.
The establishment of regulatory protocols for digital assets in the European Union don’t cover all aspects of the industry.
The French financial markets regulator has called on other European countries to implement enabling regulations for digital currencies and blockchain technology.
Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.
Kyberswap claims the new regulations would increase costs, but stricter AML regulations might mean their entire operation is at risk.
The European Securities and Markets Authority has announced plans for a new legal framework governing the cryptocurrency sector.
The 5MLD will require Simplecoin to implement and adhere to several anti-money laundering and know-your-customer policies.
The U.K.-based company, Bottle Pay announced that it will shut down due to conflicts on the new anti-money-laundering guidelines coming to the European Union.
The European Investment Fund has teamed up with the European Commission to establish a dedicated investment scheme worth €100 million.
The 5MLD are an expansion of current AML/CTF regulations into the cryptocurrency space, and were designed to protect against potential abuses of the technology by criminal actors.