#EUPrivacyCoinBan
EU AML Rules Ban Anonymous Accounts, Privacy Coins
The European Anti-Money Laundering Authority plans to directly supervise up to 40 crypto-asset service providers by 2027.
European Union anti-money laundering (AML) rules will ban anonymous crypto accounts and privacy coins like Monero (XMR) by 2027.
Since MiCA took effect, Tether’s USDT, the largest stablecoin by market cap, has been delisted for EU-based users across major centralized crypto exchanges, as the stablecoin evidently is not compliant with the new regulatory regime in Europe.
Earlier this week, onchain investigator ZachXBT identified a crypto theft, which ended up being a phishing scam that resulted in over $330 million in BTC stolen from one individual. The attacker quickly swapped the stolen BTC for XMR, causing the price of Monero’s native token to spike over 50%.
#Monero XMR Cryptocurrency PrivacyCoins Blockchain CryptoMarket MiningUpdates
