[Ticker] EU wants to make crypto transfers more traceable

The European Commission proposed on Tuesday rules that would see companies transferring cryptocurrencies, such as Bitcoin, collect details of senders and recipients, in order to help authorities detect money laundering or terrorism financing, Reuters reported. This will ensure "full traceability of crypto-asset transfers," the commission said. Anonymous crypto-asset wallets will be banned since anonymous bank accounts are already forbidden under EU anti-money laundering rules.