EU Cracks Down on Anonymous Crypto Transactions with Landmark Directive

EU Cracks Down on Anonymous Crypto Transactions with Landmark Directive



The European Union has unveiled a groundbreaking regulation that prohibits all transactions via anonymous, private cryptocurrency wallets, regardless of the transaction's value. A spokesperson for the European Parliament disclosed that this directive garnered the endorsement of a significant majority within the EU Parliament's leading committee last Thursday.



This novel regulation, designed to thwart money laundering activities, introduces stringent restrictions on cash transactions and entirely forbids anonymous dealings in cryptocurrencies. It specifically criminalizes any cash transactions exceeding €10,000 and any anonymous cash transactions above €3,000. EU Legislation The measure focuses on curtailing transactions between private, unregistered crypto wallets and regulated financial entities, significantly restricting their uti


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #EU, #EuropeanUnion, #News, #Regulations

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