# EU banking watchdog extends anti-money laundering measures to cover crypto firms **URL:** \ **Category:** Crypto News\ **Created:** [January 16, 2024, 6:20pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341 "2024-01-16T18:20:08Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![yaboyT](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/yaboyt/32/47_2.png) [@yaboyT](https://community.onyx.org/u/yaboyT)\ **Post date:** [January 16, 2024, 6:20pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/1 "2024-01-16T18:20:08Z")
EU banking watchdog extends anti-money laundering measures to cover crypto firms β€” link ([EU Banking Watchdog EBA Extends Anti-Money Laundering Measures to Cover Crypto Firms](https://www.coindesk.com/policy/2024/01/16/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/)) | tl;dr ([EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms – Telegraph](https://telegra.ph/EU-Banking-Watchdog-Extends-Anti-Money-Laundering-Measures-to-Cover-Crypto-Firms-01-16)) ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 2:48pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/2 "2024-01-21T14:48:41Z")
This is very good news ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 2:49pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/3 "2024-01-21T14:49:24Z")
One of the arguments generally presented to bitcoin is the issue of black money. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 2:50pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/4 "2024-01-21T14:50:21Z")
But black money is mostly laundered in cash and cash is impossible to track, but cryptos can be tracked. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 2:51pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/5 "2024-01-21T14:51:46Z")
It’s definitely good news and has many benefits. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 2:52pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/6 "2024-01-21T14:52:59Z")
There is no one who does not present this argument and it gets annoying after a while, they are already doing all kinds of inspections and they are still talking. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 2:54pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/7 "2024-01-21T14:54:15Z")
You are absolutely right about this, these transactions are being done more with cash, the aim is crypto hostility anyway. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 2:54pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/8 "2024-01-21T14:54:57Z")
This type of news is important in terms of trust. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 2:55pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/9 "2024-01-21T14:55:40Z")
The biggest opponents of crypto presented this argument and in the end they all supported it πŸ™‚ ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 2:56pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/10 "2024-01-21T14:56:35Z")
Most transactions are already done with cash and cash is used to launder it, but when the aim is to oppose crypto, the centralized system justifies itself. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 2:59pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/11 "2024-01-21T14:59:24Z")
Especially new investors need confidence in this regard. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 3:00pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/12 "2024-01-21T15:00:51Z")
This was a big deception, people collected bitcoins every period with manipulations and reduced the price and bought them back. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 3:02pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/13 "2024-01-21T15:02:08Z")
The central system makes the illegal legal when necessary, or vice versa, depending on interests. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 10:05pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/14 "2024-01-21T22:05:56Z")
Large institutions pay more attention to such things than investors ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 10:07pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/15 "2024-01-21T22:07:02Z")
All familiar and well-known people and institutions were doing this, but it seems like they don’t have much impact anymore, and ETF was also accepted. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 10:08pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/16 "2024-01-21T22:08:34Z")
Of course, the system always works like this, the most illegal activity becomes legal if it benefits the central system, if there is something illegal, it is paper money, they print it unlimitedly πŸ™‚ ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 10:11pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/17 "2024-01-21T22:11:00Z")
Institutions were more worried about getting into trouble, so they were always cautious. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 10:12pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/18 "2024-01-21T22:12:04Z")
On the contrary, central structures that collect large amounts of bitcoin now have the power to manipulate news. ---
**Author:** ![Trade](https://avatars.discourse-cdn.com/v4/letter/t/5fc32e/32.png) [@Trade](https://community.onyx.org/u/Trade)\ **Post date:** [January 21, 2024, 10:13pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/19 "2024-01-21T22:13:06Z")
The removal of paper money further strengthens the centralized system and they monitor our every move, resulting in a more centralized structure. ---
**Author:** ![Shadow](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/shadow/32/502_2.png) [@Shadow](https://community.onyx.org/u/Shadow)\ **Post date:** [January 21, 2024, 10:14pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/20 "2024-01-21T22:14:08Z")
Anyone would worry the same way, but this is not true for all. [Next page](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341.md?page=2)