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Cryptocurrency is a digital currency that utilizes cryptography for their security. It is a digital asset which is created to work as a mode of exchange. It controls the creation of additional units of currency and rectifies the transfer of assets. In recent years, Cryptocurrencies and Bitcoin are just flourishing in the market. The year 2017 is considered as the surging period for the prices of Bitcoin and Cryptocurrencies
Now, crypto exchanges and wallet provider must introduce customers including verification. The producer has been undertaken by European Parliament in favor of strict regulations on Crypto exchange. Since the new approach come with the EU Anti-Money Laundering Directive's latest update.
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