The European Banking Authority (EBA) has unveiled extensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) guidance tailored specifically for cryptocurrency firms. This marks a pivotal step in strengthening regulatory measures within the burgeoning crypto space. The EBA's guidance focuses on enhancing risk-based approaches, customer due diligence, and cooperation among regulatory authorities. By providing a comprehensive framework, the EBA aims to fortify the crypto sector against illicit financial activities. As regulators worldwide navigate the dynamic crypto landscape, such initiatives play a crucial role in fostering transparency and compliance. Stay informed about the evolving regulatory landscape shaping the future of cryptocurrencies and financial security. #EUBankingAuthority #AML #CTF #CryptoRegulation #FinancialSecurity #BlockchainNews #CryptocurrencyCompliance Source: Cointelegraph