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EU Banks Allowed to Buy, Sell and Hold Cryptocurrencies

Published by on 30-11-2019 14:59

Highlights: Banks in the EU will now be allowed to deal in cryptocurrenciesThe Bill is said to be in action by next year The previous restriction with regard to cryptocurrencies will now be lifted The EU Crypto Ban Lift The European Union has recently launched a bill that is expected to enter into force next year and that would allow banks to offer cryptocurrency solutions to users. The new bill on the fourth Money Laundering Directive would lift the prohibition that banks had from offering crypto assets to clients and storing them on their behalf.  The bill goes further than

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