After the potentially privacy-busting "travel rule" for crypto transfers, global standard setters at the Financial Action Task Force have their eyes on DeFi, NFTs and unhosted wallets.
From June 27, Coinbase customers in that country will have to supply key details about the transaction and the recipient when moving crypto out of the exchange.
The measure is essential to prevent bad actors from using digital assets to launder money. It affects everyone who dabbles in cryptocurrencies from exchanges to everyday investors.
Crypto advocates were able to sway lawmakers against a provision that could have effectively banned bitcoin in the European Union. Can they do it again?