EU Rules: Two More European Crypto Firms Shut Down

Two more European cryptocurrency firms shut down because of the upcoming EU Anti-Money Laundering rules. Both firms cite the EU upcoming Anti-Money Laundering Directive that would require the firms to adopt Know Your Client (KYC) measures as the reason for shutting down. Simplecoin and ChopCoin co-founder Christian Grieger told the block that the mining pool has 42,000 users, while the gaming platform had 305,000.

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