According to Odaily Planet Daily, the European Parliament voted on Wednesday to pass a series of laws, part of which is aimed at enhancing "due diligence measures and checks on customer identity", including so-called crypto asset managers. They must also report suspicious activities to the authorities. The new law will affect crypto asset service providers (CASPs), such as centralized crypto exchanges, as well as a variety of other institutions including gambling services. Patrick Hansen, Circle's EU strategy and policy director, said in a post on X that the vote was expected, saying: "The bill package will be formally adopted by the EU Council and will come into effect three years later."
