European Union to ban anonymous crypto and privacy tokens by 2027

The European Union is set to impose sweeping Anti-Money Laundering (AML) rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027. Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies. “Article 79 of the AMLR establishes strict prohibitions on anonymous accounts [. source: https://cointelegraph.com/news/eu-crypto-ban-anonymous-privacy-tokens-2027?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound