Crypto-assets In The Ambit Of The New AML Law

During the last several years we've witnessed the growing popularity of virtual or crypto currencies and today, we could even say that it is a trend as many individuals can buy virtual currencies through various platforms and applications by simply using their smartphones, while at the same time watching their favorite TV show. Procedure to create a profile through those platforms is usually simple and swift with very limited requirements. The use of virtual currencies, though, conceals the danger of anonymity or pseudo-anonymity that characterizes them¹ . Criminals take advantage of this anonymity by using cryptos to transfer illicit funds to the financial system, achieving, in this way, their integration in the market and/or the financing of terrorist organizations. To paint the general picture of the scale of such misuse, the crypto currencies and blockchain report, requested by the European Parliament, states that "even though the full scale of misuse of virtual