$BTC Today in crypto, the European Union is about to ban anonymous crypto accounts and privacy coins starting in 2027 under new comprehensive Anti-Money Laundering (AML) regulations, the U.S. Treasury moved to cut the Huione Group from the financial system due to its links to crypto-related crimes, and Coinbase is about to halt trading of the MOVE token.

European Union will ban anonymous cryptocurrencies and privacy tokens by 2027

The European Union is about to impose comprehensive AML rules that will prohibit privacy-preserving tokens and anonymous cryptocurrency accounts starting in 2027. Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions, and crypto asset services...