Malta emerges as world’s cryptocurrency hub despite EU’s TAX3 investigation

On June 7, European Union’s Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance members participated in a workshop on “Taxation and fight against Money Laundering: Crypto Currencies, Digitalization and the European Semester.”   

At the workshop Professor Robby Houben presented the legal context of virtual currencies and blockchain and mapped the implications for financial crime, money laundering and tax evasion, including against the backdrop of the newly adopted EU Anti-money laundering legislation.   

He explained that newer and proposed cryptocurrency implementations such as Cloakcoin, Dash, PIVX and Zcoin have built-in mixing services as a part of their blockchain network. The Monero cryptocurrency provides

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