The EU will completely ban anonymous crypto accounts and privacy coin transactions from 2027
On May 3rd, the European Union officially adopted the "Anti-Money Laundering Regulation" (AMLR), which will prohibit all financial institutions and crypto service providers from offering anonymous crypto accounts or wallets starting from July 1, 2027, and will completely ban privacy coins (such as Monero, Zcash, Dash) transactions. The new regulation also requires mandatory identity verification for crypto transactions over 1000 euros, and establishes a new regulatory body AMLA to directly supervise large crypto platforms. (Cointelegraph)
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