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The European Union has confirmed Will introduce strict rules against money laundering Prohibit cryptocurrencies focused on privacy and anonymous digital asset accounts from 2027.
The new rules fall under the regulation against money laundering (AMLR). If approved, banks, other financial companies and crypto-active service providers (CASP) may no longer offer accounts that hide the identity of a user or handle privacy tokens that mask transactions.
The European Crypto Initiative (EUCI) explained in its AML manual that article 79 of the AMLR clearly prohibits these services. He said: “credit institutions, financial institutions and crypto-active service providers are prohibited from maintaining anonymous accounts.”
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Another important change is the Creation of a new authority against money laundering (AMLA). From 2027, AMLA will directly supervise the largest casps that operate in at least six EU countries. At first, AMLA will choose 40 companies, including at least one of each Member State.
To qualify for direct supervision, companies must meet certain criteria. These include having at least 20,000 clients in a single country or handling annual transactions worth more than 50 million euros (approximately 56 million US dollars).
The new rules will also require companies to make customer checks in any cryptographic transfer worth more than 1,000 euros (around $ 1,100).
Meanwhile, almost 30 defenders of Crypto recently asked the United States Stock Exchange and Securities Commission (SEC) to clarify the rethink rules. What did they say? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
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