$BTC Today in crypto, the European Union is set to ban anonymous crypto accounts and privacy coins starting in 2027 under sweeping new Anti-Money Laundering (AML) regulations, the US Treasury moved to cut the Huione Group off from the financial system over its crypto crime ties, and Coinbase is set to halt trading for the MOVE token.

European Union to ban anonymous crypto and privacy tokens by 2027

The European Union is set to impose sweeping AML rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027. Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial