# 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:** 12\ **Page:** 2
**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, 10:15pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/21 "2024-01-21T22:15:22Z")
If they say they will sell even with a slight fear in order to make a profit when necessary, it may have a negative impact everywhere, and this is a risk. ---
**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, 10:16pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/22 "2024-01-21T22:16:48Z")
Paper money cannot be tracked, but if these central structures and illegal transactions are controlled in a decentralized manner, the problem will be eliminated. ---
**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, 10:18pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/23 "2024-01-21T22:18:18Z")
Those who are not worried are the ones who already do this job with the central system. ---
**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, 10:19pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/24 "2024-01-21T22:19:45Z")
This is exactly what I’m talking about. They can pose a threat with any news and assets they have at any time, so it can be dangerous for central institutions to buy bitcoin. ---
**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, 10:20pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/25 "2024-01-21T22:20:50Z")
Since those who create this control mechanism will be a central structure, complete decentralization is difficult. ---
**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, 10:22pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/26 "2024-01-21T22:22:14Z")
Of course, if they are buying, they will have certain controls, they cannot sell as they please. ---
**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, 10:23pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/27 "2024-01-21T22:23:21Z")
Decentralization and central systems will be beneficial if they are compatible ---
**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, 10:24pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/28 "2024-01-21T22:24:32Z")
Neither full decentralization nor fully centralized systems are ever sufficient on their own. ---
**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, 10:25pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/29 "2024-01-21T22:25:59Z")
It doesn’t matter if they sell, just having the news power is enough. ---
**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, 10:27pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/30 "2024-01-21T22:27:10Z")
Harmony and balance are always important. If one of the two arms of the scale predominates, the scale will not be balanced. ---
**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, 10:28pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/31 "2024-01-21T22:28:00Z")
If it were, systems would not change in every period and stable systems would remain. ---
**Author:** ![SGF13](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/sgf13/32/41_2.png) [@SGF13](https://community.onyx.org/u/SGF13)\ **Post date:** [January 22, 2024, 5:34pm UTC](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341/32 "2024-01-22T17:34:46Z")
well its good . protecting country’s finance and strengthing the finances also makes sense . not everything they do is bad imo [Previous page](https://community.onyx.org/t/eu-banking-watchdog-extends-anti-money-laundering-measures-to-cover-crypto-firms/1341.md?page=1)