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After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

Published 12/16/2019, 06:14 AM
Updated 12/16/2019, 08:01 AM
After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

After BottlePay’s shutdown announcement last week, two more European cryptocurrency firms have shut down because of the upcoming Anti-Money Laundering (AML) rules in the European Union.

Online crypto gaming platform ChopCoin and mining pool Simplecoin both announced that they are shutting down in under a month in a notice on their website. Both firms cite the EU’s upcoming Anti-Money Laundering Directive that would require the firms to adopt Know Your Client (KYC) measures as the reason for shutting down.

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