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The European Union has formally approved the Anti-Money Laundering Regulation (AMLR) to enhance regulatory oversight of the crypto industry. As part of these sweeping changes, the EU will ban the use of privacy coins such as Monero, Zcash, and Dash. Anonymous crypto wallets will also be prohibited. Beginning in 2027, all crypto transactions exceeding €1,000 will require mandatory identity verification, even for peer-to-peer transfers. A new EU-level Anti-Money Laundering Authority (AMLA) will be established to supervise and enforce compliance, especially for large crypto service providers. The move aims to close regulatory loopholes and reduce the risk of illicit financial activity, but it has sparked concerns among privacy advocates and crypto users who argue it could hinder financial freedom and innovation. #EUPrivacyCoinBan
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#AppleCryptoUpdate Apple has relaxed its longstanding App Store policies, now permitting iOS app developers to guide users toward external purchasing options. This includes transactions involving NFTs and other crypto-related content, marking a significant shift in Apple’s stance. The change comes in response to mounting pressure from global antitrust rulings, which have criticized the company for maintaining a tightly controlled app ecosystem. By easing these restrictions, Apple is offering developers more flexibility and opening the door for alternative payment methods outside its native infrastructure. This move could have a major impact on the crypto and NFT markets, potentially fostering innovation and expanding user access to decentralized financial tools. It also signals Apple’s willingness to adapt under regulatory scrutiny while retaining its influence over mobile platforms. Developers and crypto enthusiasts alike are watching closely, as this policy update may pave the way for broader adoption and monetization of blockchain-based assets within iOS apps. With Apple now more open to external links and payments, the landscape for digital transactions on iPhones and iPads is poised for transformation. #AppleCryptoUpdate
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Michael Saylor’s company, MicroStrategy, reported a significant Q1 loss of $4.2 billion, translating to $16.49 per share, primarily driven by the recent drop in Bitcoin prices. Despite this major setback, the firm remains committed to its Bitcoin investment strategy. In a bold move, MicroStrategy is planning to raise an additional $21 billion through an equity offering, with the intention of purchasing even more Bitcoin. This step highlights the company’s unwavering belief in the long-term value of $BTC reinforcing its position as one of the most aggressive institutional Bitcoin holders. #SaylorBTCPurchase
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