The EU has passed the AML regulations: starting in 2027, anonymous encryption accounts and Privacy Coin transactions will be prohibited.

According to Gate.io News bot, Cointelegraph reports that the EU has officially passed the Anti-Money Laundering Regulation (AMLR). The regulation states that from July 1, 2027, all financial institutions are prohibited from providing anonymous encryption accounts or wallets with crypto service providers. At the same time, the regulation comprehensively bans trading activities of privacy coins such as Monero, Zcash, and Dash.

The new regulations also clearly state that mandatory identity verification is required for cryptocurrency transactions exceeding 1,000 euros. In addition, the EU will establish a new regulatory body, AMLA, which will be directly responsible for overseeing large cryptocurrency platforms.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)