The new European Union Anti Money Laundering Guideline is taking over and Two More Companies will Shutdown, after Bottle Pay announced recently that will close the Doors due to the new Rule.
This two more Cryptocurrency Companies That will Shutdown are:
- Simplecoin a mining pool firm and Chopcoin a Bitcoin gaming platform.
This new European Union Anti Money Laundering Policy is very strictly and more companies will face problems.
This new rule that will take effect In January 2020 is demanding that Exchanges and crypto firms will have to give the Authorities all info related to wallets and their respective identities.
This rule is an attempt to the users Privacy and the companies to avoid exposing their customers are shutdown their services.
Simplecoin have 42,000 users and those ones will have until December 20 to withdraw their funds and December 31 to delete their account information, Chopcoin have 305,000 users.
It's an Universe of almost 350,000 users that will be out of business due to the AMLG5.