New EU proposal on fourth anti-money laundering directive will allow banks to hold and sell bitcoin

According to FXStreet, the EU plans to implement a new proposal on a fourth anti-money laundering directive that will allow banks to buy, hold and sell bitcoin. Aiming to relax strict rules prohibiting banks from providing virtual assets or custody services, the move will greatly assist financial institutions in the region, and the proposal is expected to take effect in 2020.