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New EU law: Banks allowed to hold and sell Bitcoin as of 2020

  • The planned fourth EU Money Laundering Directive stipulates that banks may hold and sell Bitcoin from 2020.
  • This would open up a new business segment for banks and represent new competition for already established cryptocurrency exchanges.

So far, the European Union has shown a negative attitude towards cryptocurrencies and associated digital assets such as Bitcoin, Ether or XRP with money laundering
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