Ultimate Crypto Resource Guide
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cRYPTO Glossary
Explore essential terms and concepts in the world of cryptocurrency, blockchain, and trading
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AMLD5
The European Union’s 5th Anti-Money Laundering Directive (AMLD5) is an update to the union’s Anti-Money Laundering (AML) framework.
Explanation of Specific Terms:
- Directive: A legislative act issued by the European Union that member states must transpose into their national laws.
- Anti-Money Laundering (AML): Measures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
Key Points for Beginners:
- Why it's important: AMLD5 strengthens regulations to combat money laundering and terrorist financing across EU member states.
- How it works: Member states are required to implement stricter rules for identifying beneficial owners of companies, improving cooperation between financial institutions and authorities, and enhancing transparency in financial transactions.
Valdis Zhvaginsh
Crypto Enthusiast, CWT Editor
Hello, I'm Valdis
When I began exploring cryptocurrencies, I had many questions. Over time, I've gathered some of the best resources that helped me, and I believe they can be useful to you as well.
I hope these resources assist you in starting your journey into the world of cryptocurrencies and provide useful tools for everyday tasks.
If you have any suggestions or corrections, please contact me
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