EU to Ban Privacy Coins and Anonymous Crypto Accounts by 2027

EU to Ban Privacy Coins and Anonymous Crypto Accounts by 2027

Starting in 2027, anonymous cryptocurrency accounts and privacy-focused tokens will be essentially prohibited by the European Union's strict anti-money laundering legislation. The main component of a larger legislative initiative to strengthen compliance requirements for financial institutions and crypto asset service providers (CASPs) throughout the bloc is the new Anti-Money Laundering Regulation (AMLR). Banks, credit organizations, and CAS...

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