On May 3, PANews reported that the EU officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit all financial institutions from providing anonymous cryptocurrency accounts or wallets with crypto service providers starting July 1, 2027. The trading of privacy coins (such as Monero, Zcash, and Dash) will also be completely banned. The new regulations require mandatory identity verification for cryptocurrency transactions exceeding €1,000 and establish a new regulatory agency, AMLA, to directly oversee large cryptocurrency platforms. (Cointelegraph)
