A look at the top stories from Europe in the past week…
On November 29, 2019, the German legislator adopted new rules on crypto assets. The new rules have been adopted as part of the implementation of Directive (EU) 2018/843 of 30 May 2018 (5th AML Directive). Under the 5th AML Directive, the domestic law of EU member states has to provide that custodian wallet providers are subject to anti-money laundering requirements.
In this context, “custodian wallet providers” are defined as entities that provide services to safeguard private cryptographic keys on behalf of their customers, to hold, st...
