The scope of the EU Parliament’s amendments to anti-money laundering regulations covers DAO, DeFi, NFT, and Metaverse

According to The Block, members of the European Parliament have drafted a series of amendments to their stance on anti-money laundering (AML) and counter-terrorist financing (CTF) regulation, extending the scope of the regulations to DAOs, DeFi protocols and their developers, and exchanges The Metaverse has also become a potential basis for money laundering, and crypto asset service providers may also be obliged to comply with AML rules when processing transactions in excess of 1,000 euros. Before being formally passed, the amendment needs to be voted on to enter the European Parliament's report on anti-money laundering regulation, and then the final report needs to be voted on in plenary session of all parliamentary committees. Afterwards, the report will represent Parliament in an interagency debate on anti-money laundering. A final report on the parliamentary position is expected in December, when a technical session on the AML report will be scheduled.