โ ๏ธ EU Cracks Down on Crypto Rules โ What You Need to Know ๐
According to PANews, the European Union's Anti-Money Laundering Authority (AMLA) is tightening the rules for crypto exchanges and service providers, starting this month.
Hereโs whatโs changing:
๐ Crypto companies must now check who really owns and controls accounts โ making sure theyโre not linked to money laundering or terrorism.
๐ซ Anonymous wallets and privacy coins are no longer allowed in the EU.
๐๏ธ By July 2027, all crypto platforms must give direct access to user account data to government agencies.
๐ก If youโre using or running a crypto service in the EU, these new rules are a big deal. Itโs all about more transparency and less anonymity in crypto.
Stay informed. Stay compliant. ๐
