Chris Finney of Cooley LLP writes:
The European Commission has published a proposal that, if made and brought into force, will amend the 4th Anti-money Laundering Directive (4AMLD) before the Member States are required to transpose it into their national laws.
To the surprise of many, and the horror of some, if the Commission’s proposals are accepted, it will have the power to formally propose the creation of “a central database registering [virtual currency] users’ identities and wallet addresses …”
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