The European Union is a step closer to making crypto companies conduct due diligence on their customers, part of a wider push to combat money laundering. EU member states, lawmakers and the European Commission reached a provisional agreement early Wednesday under which cryptoasset service providers will have to run checks when carrying out transactions of €1,000 ($1,090) or more. It also adds measures to mitigate risks in relation to transactions with self-hosted wallets. “This will ensure that fraudsters, organized crime and terrorists will have no space left for legitimizing their proceeds through the financial ... (full story)