#EUPrivacyCoinBan According to Article 79 of the AMLR, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or supporting tokens that preserve the privacy of transactions. Furthermore, all transactions above 1,000 euros will require identity verification of those involved.

Critics argue that the ban may compromise the financial privacy of legitimate users, such as journalists and activists, and inhibit innovation in the sector. On the other hand, regulators argue that the measure is essential to prevent financial crimes and strengthen transparency in the crypto asset market.

With the implementation of these rules, it is expected that companies in the sector will adjust their operations to comply with the new regulatory requirements, marking a change