According to ChainCatcher, Eurogroup President Paschal Donohoe stated at the European Anti-Financial Crime Summit that the EU is advancing new Anti-Money Laundering Regulations (AMLR).
The new regulations require cryptocurrency service providers to record the information of both parties in transactions, achieving transparent regulation of cryptocurrency transfers. The regulations will come into effect in July 2027, banning anonymous wallets and privacy coins, and requiring platforms to identify the users of self-custodied wallets.
