#EUPrivacyCoinBan #EUPrivacyCoinBan Analysis: EU approves new AML regulations for cryptocurrency – Impact and affected coins
1. New European Union regulations on Anti-Money Laundering (AML) for crypto
On April 24, 2025, the European Parliament officially passed a comprehensive AML regulatory package, for the first time including cryptocurrencies as a core part. Key points include:
• Crypto exchanges and wallets are required to verify identity (KYC) with all customers – the concept of "anonymous wallets" is no longer allowed.
• The cash transaction limit is 3,000 EUR and anonymous crypto transactions are limited to 1,000 EUR.
• Establishment of the European Anti-Money Laundering Authority (AMLA) with the power to oversee and intervene in the operations of crypto exchanges operating within the EU.
• All virtual asset service providers (VASPs) must strictly comply with AML & KYC regulations.