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⛔️🇪🇺The EU is preparing a serious blow to anonymous tokens
By 2027, crypto service providers (CASP) will be prohibited from working with privacy coins like XMR and ZEC, as well as servicing anonymous wallets.
All of this is part of the new MiCA regulation and tightening rules against money laundering. There are also plans to introduce mandatory KYC for all cryptocurrency transfers over 1000 euros.
This may lead to the delisting of anonymous tokens on European exchanges, a decline in liquidity, and a partial migration of users to other jurisdictions.
Privacy coins will become even more niche, but will not completely disappear from the market. We are monitoring the situation and assessing risks for holders and traders.
#xmr #zek $xmr $ZEC
By 2027, crypto service providers (CASP) will be prohibited from working with privacy coins like XMR and ZEC, as well as servicing anonymous wallets.
All of this is part of the new MiCA regulation and tightening rules against money laundering. There are also plans to introduce mandatory KYC for all cryptocurrency transfers over 1000 euros.
This may lead to the delisting of anonymous tokens on European exchanges, a decline in liquidity, and a partial migration of users to other jurisdictions.
Privacy coins will become even more niche, but will not completely disappear from the market. We are monitoring the situation and assessing risks for holders and traders.
#xmr #zek $xmr $ZEC
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