EU LawMakers Says NFTs Should Be Included in Rules to Carry Out Anti-Money Laundering Prevention

• – The European Union continues to work on new regulations that may have a significant impact on money laundering, by closely following the crypto industry.
• – Also, a group of members of the European Parliament argues that changes should also be introduced on the non-alterable token (NFT) with the bloc’s provisions on anti-money laundering (AML). A change proposal that will cover especially trading platforms is currently on the agenda.

Thanks to the agreed amendment on the NFT, measures are proposed against the misuse of money laundering or terrorism for terrorism, presented by European lawmakers and especially prominent in the financial system. These measures make up the vast majority of proposals.

The proposal was carried out by two green MPs. These MPs are known as Ernest Urtasun from Spain and Kira Marie Peter-Hansen from Denmark. In addition to these people, two socialist deputies show themselves in these proposals. They are also known as Aurore Lalucq from France and Csaba Molnár from Hungary. It seems very important that this change becomes “mandatory assets” covered by the rules of NFT platforms, together with the decision to implement the final version of the AML draft.

The four aforementioned deputies put forward the EU’s scope of the law, especially with the following provision. “Import, print, sell, unique and non-exchangeable crypto assets that take ownership and represent a unique digital or physical asset, including artwork, real estate, digital collectibles, gaming items, and other valuables to crypto-asset service providers. and to “crypto-asset service providers” acting as intermediaries for its acquisition. ” clause is included.

• – Informal tripartite debates, also known as tripartite debates, have come to the fore as an important factor in the EU’s complex legislative process. However, it is also possible to terminate the draft law prepared by the European institutions with temporary agreements. Although these agreements are accepted unofficially at first, their official approval by each of the three institutions will be among the reasons. These official institutions; It is known as the Parliament, the Council of the European Union, and the European Commission.
• – At the same time, with the events that took place this week, it is also expected that the European Central Bank will warn Eurozone countries of the perceived and apparent dangers of national regulators who continue to operate before the envisioned EU crypto-asset rules are implemented. According to the report in the Financial Times, the bank highlights the difficulties of effective supervision of the sector and throughout this supervision process.
• – The latest developments came to the fore shortly after the European Parliament and the Council of the European Union reached a tentative agreement to monitor and elaborate their analysis of crypto transfers and have the transactions considered suspicious. Transfers were blocked after this situation, potentially resulting in harsher enforcement by the EU.
• – Looking at the details of the bill, among other things, is Brussels’ control over “non-hosted wallets”. The case of expansion is also known in this regard, which many industry representatives call a rather harmful measure that can hinder the development of the sector in Europe.