Boerse Stuttgart Chief Digital Officer: European new anti-money laundering directive makes cryptocurrencies more attractive to institutions

Speaking at the CryptoCompare London conference on Tuesday, Ulli Spankowski, chief digital officer at Boerse Stuttgart, Germany's second-largest stock exchange, said that the fifth European anti-money laundering directive (AMLD5) makes cryptocurrencies more attractive to institutions, The positive effects were "surprised". Spankowski said he doesn't actually think that anything will happen because banks and other financial institutions can already host crypto transaction escrow and can do crypto transactions. But since the directive came into effect earlier this year, it has also seen great interest from traditional players.