The United Kingdom based Startup Bottle Pay will shutdown his doors due to pressure of the new European Union Anti Money Laundering Guideline in the Last day of December and the same Guideline will take effect in January 2020.
Bottle Pay strongly disagree with the new policy guideline and believes that the 5th Anti Money Laundering Guideline could alter the current user experience so radically, and so negatively, and they are not willing to Force their Community into this new rules.
The Crypto Payments startup company Bottle Pay was launched In June, and provide payments in small portions between social media platform and messaging apps using a Browser extension Tool.
This new Policy from European Union is strictly thought and Bottle Pay may be the first to shutdown but I believe more Companies in the Euro Zone may have some Problems with this Rule.
Cryptocurrency space is a wonderful place where most of the assets transactions are from Unknown People and Investors but with the 5AMLG that will change drastically ,the new policy require to any Exchange or crypto wallet provider to register with authorities and also allow financial Institutions of law enforcement to have data from people who use this services...
They wanna know every wallet with respective Identity owner, this is completely different environment In the Euro Zone starting in January 2020.
Let's see what more Companies will have problems with this new policy!
Republished Article Original Found At Uptrennd Platform From My Authorship Here.
