<h4>Quick Take</h4> <ul> <li>Europe&#8217;s continent-wide regulation AMLD5 is slated to take effect January 10</li> <li>Crypto-to-fiat firms and custodial wallets will be required to implement baseline AML procedures, filling what was once a &#8220;regulatory void&#8221;</li> <li>Different nations are taking different approaches to ramp up AML efforts, which could be challenging for crypto firms operating in more than one jurisdiction.</li> </ul>