Members of the European Parliament said in a proposed amendment published on Monday that NFT trading platforms should comply with EU anti-money laundering (AML) laws. Lawmakers representing the Green Party and socialism also appear to be in favor of including self-managed crypto wallets and decentralized finance under the proposed money laundering regulations.
Just last week, the European Union tentatively agreed to a new law designed to license crypto companies, the so-called Market Regulation in Crypto Assets (MiCA), and subject transactions to identity checks.
But the European Commission is keen to leave detailed money-laundering procedures to broader reforms that also cover sectors such as banking.