A leading European Union lawmaker said new anti-money laundering rules would not stop cryptocurrency payments, CoinDesk reported. Foresight News previously reported that new legislation set to be voted on by the European Union today (March 28) will impose new restrictions on transactions from self-hosted wallets. Under current proposals, traders would be banned from making or accepting anonymous cryptocurrency transfers of more than 1,000 euros ($1,080), and transactions would be allowed if the identity of the client could be verified or if it involved a regulated cryptocurrency provider, friend, etc. Cryptocurrency transfers between private individuals are still allowed.