Odaily Planet Daily News Consensys lawyer Bill Hughes posted on the X platform that Consensys responded to the European Banking Authority (EBA) consultation on digital currency money laundering and terrorism financing risks. The main contents of the reply document include:
1. The fact that a customer uses their own wallet does not mean that the bank needs to strengthen due diligence on the customer. Consensys does not believe that a customer's use of multiple proprietary wallets indicates that the customer has a greater risk of money laundering;
2. Although services that do not limit transaction amounts may pose a greater risk of money laundering, banks should not be encouraged to set the limit too low;
3. Risks can be mitigated using new technologies, such as blockchain analysis.