HawkInsight

  • Contact Us
  • App
  • English

The European Union will completely ban transactions between anonymous encryption accounts and private coins starting from 2027."

On May 3, it was reported that the European Union officially passed the Anti-Money Laundering Regulation (AMLR), which will ban all financial institutions and crypto service providers from providing anonymous crypto accounts or wallets starting from July 1, 2027, and completely ban private coins (such as Monero, Zcash, Dash) transactions. The new regulations also require mandatory identity verification for crypto transactions exceeding 1000 euros, and establish a new regulator AMLA to directly supervise large crypto platforms.(Cointelegraph)

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More