Czech Republic to Impose Stricter Crypto Regulations than EU Requires | Crypto Craft

  • Czech Republic to Impose Stricter Crypto Regulations than EU Requires

    From cointelegraph.com

    The Czech Republic is expected to enforce stricter oversight of cryptocurrencies than that required by the European Union’s bloc-wide Anti-Money-Laundering (AML) regulatory regime. According to a report from local newspaper Hospodářské Noviny on Aug. 8, the Czech Republic’s transposition of the European Union (EU)’s Fifth AML Directive (AMLD5) looks set to impose yet stricter requirements on cryptocurrency firms than those established by Brussels. Above and beyond EU regulations As an indication of the stringent measures ahead, Hospodářské Noviny reveals that Czech regulators plan to impose a hefty fine ... (full story)

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cryptocow
Aug 8, 2019 9:51am
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As an indication of the stringent measures ahead, Hospodářské Noviny reveals that Czech regulators plan to impose a hefty fine — up to half a million koruna or roughly $20,000 — on cryptocurrency firms should they fail to register their operations with the national Trade Licensing Office.

Sounds good to me.
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