Lithuanian authorities want the details of the cryptocurrency transaction to be processed by local operators. Only to ensure they are not used for money laundering purposes.
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On June 12, the Cabinet of Ministers of Lithuania approved amendments to the Anti-Money Laundering and Anti-Terrorism Act prepared by the Ministry of Finance. The law includes the fifth European Union Anti-Money Laundering Directive (AMLD 5) and recommendations from the International Organization for Money Laundering Prevention approved last year.