Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto

“We’re mitigating risks linked to large sums of money with an EU-wide limit of 10,000 euros for cash payments. At the same time, we’re addressing risks posed by crypto and the anonymity is enables,” Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital Markets Union said during a Thursday press conference on the decision.