Two legislative committees of the European Parliament passed three key texts in a broad anti-money laundering legislation plan on Tuesday, which also applies to cryptocurrencies. The vote was held after a political agreement was reached on anti-money laundering regulations (AMLR) in January, which will require cryptocurrency service providers to comply with customer verification requirements and monitor cross-border transfers and transactions involving self-hosted wallets.

The legislators voted 71 in favor (4 abstentions, 9 against) to pass an interim agreement on regulating the prevention of money laundering or terrorist financing through the financial system. The mechanism proposed by the 27 EU member states was agreed upon by 74 votes in favor and 5 against. The three documents voted on Tuesday are crucial for the EU's fight against money laundering and will establish a single rulebook to coordinate implementation across the EU.