BlockBeats news, on May 3, the European Union officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit all financial institutions from providing anonymous cryptocurrency accounts or wallets with cryptocurrency service providers starting July 1, 2027, and will comprehensively ban transactions of privacy coins (such as Monero, Zcash, Dash). The new regulations also require that cryptocurrency transactions exceeding 1,000 euros must undergo mandatory identity verification, and establish a new regulatory agency, AMLA, to directly oversee large cryptocurrency platforms. (Cointelegraph)