According to PANews, the European Union's Anti-Money Laundering Authority (AMLA) has issued a warning to cryptocurrency exchanges and service providers about stricter compliance requirements starting this month. The regulatory body mandates that crypto businesses must evaluate the actual beneficiaries and shareholders to ensure they are not involved in money laundering or terrorist financing. The new regulations also prohibit anonymous wallets and privacy coins, requiring crypto companies to grant direct access to account data to government agencies by July 2027.
source: https://www.binance.com/en/square/post/27045712423817?utm_source=BinanceNewsRSS