Virtually regulated: EU 5MLD and Virtual Currencies

David Carlisle is based in London and can be reached at dcarlisle08@gmail.com

Bitcoin and other virtual currencies have stirred up tremendous interest among anti-money laundering professionals and come transposition of the European Union’s Fifth Money Laundering Directive (5MLD), they will no longer be operating on the fringes of the UK and EU financial sector as some VC services providers are caught by AML regulation. But that may only be the start of policymakers attempting to grapple with the complex issues surrounding VCs, says David Carlisle.