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#EUPrivacyCoinBan The European Union is set to implement a comprehensive ban on privacy-focused cryptocurrencies and anonymous crypto accounts by July 1, 2027, under its new Anti-Money Laundering Regulation (AMLR). This move aims to enhance financial transparency and combat illicit activities within the crypto ecosystem. --- ### 🔒 Key Provisions of the AMLR - **Ban on Privacy Coins**:Cryptocurrencies that offer enhanced anonymity features, such as Monero (XMR), Zcash (ZEC), and Dash, will be prohibited. These coins are targeted due to their potential use in concealing illicit transactions - **Prohibition of Anonymous Accounts**:Crypto Asset Service Providers (CASPs), including exchanges and financial institutions, will be required to eliminate anonymous accounts and implement stringent Know Your Customer (KYC) protocols - **Transaction Thresholds**:Any crypto transaction exceeding €1,000 will necessitate full identity verification for both the sender and the receiver, aligning crypto transactions with traditional banking standards - **Establishment of AMLA**:A new supervisory body, the Anti-Money Laundering Authority (AMLA), will oversee compliance, directly supervising up to 40 CASPs operating across at least six EU member states --- ### 📉 Market Impact The announcement has led to immediate market reactions. Monero's price dropped by 8.3% to $132.45, while Zcash saw a decline of 6.7% to $28.15 shortly after the news broke. Trading volumes for these privacy coins spiked, indicating heightened market activity and volatilit.

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#AppleCryptoUpdate Apple has recently made significant strides in integrating cryptocurrency and blockchain technologies into its ecosystem, marking a notable shift in its approach to digital assets. --- ### 📱 App Store Policy Revisions In response to a federal court ruling, Apple has updated its App Store guidelines, allowing U.S. developers to include external links and buttons directing users to third-party websites for purchasing NFTs and other digital assetsThis change enables apps to facilitate NFT browsing and transactions without incurring Apple's standard commission fees, fostering greater innovation in crypto-native mobile applications citeturn0search4 --- ### 🛠️ Enhancements to CryptoKit Apple's CryptoKit, a framework for performing cryptographic operations, has seen recent updates to support a broader range of cryptographic function. These enhancements aim to provide developers with more robust tools for securing applications and managing digital assets within the Apple ecosystem citeturn0search0. --- ### 🤝 Strategic Partnership Apple has entered into a partnership with Mesh, a fintech company specializing in crypto infrastructue This collaboration is expected to enhance Apple's capabilities in the digital asset space, potentially leading to more seamless integration of cryptocurrency functionalities across its platforms citeturn0search. -- These developments indicate Apple's evolving stance on cryptocurrency and blockchain technologies, suggesting a more open and integrated approach moving forwad. If you're interested in how these changes might impact app development, user experience, or Apple's position in the digital asset market, feel free to ask!

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#DigitalAssetBill Here’s a concise update on the evolving global landscape of digital asset legislation under **#DigitalAssetBill**: --- ## 🌐 #DigitalAssetBill: Global Moves to Regulate Crypto and Digital Property Governments worldwide are advancing legislation to provide legal clarity and regulatory frameworks for digital assets, aiming to protect investors and foster innovation --- ### 🇬🇧 United Kingdom: Recognizing Digital Assets as Personal Propert The UK has introduced the **Property (Digital Assets etc) Bill**, which seeks to classify digital assets—such as cryptocurrencies, NFTs, and online accounts—as personal property under British lw This classification would grant owners legal rights and remedies in cases of theft or disputs The bill, recommended by the Law Commission, is progressing through Parliament and has completed the committee stage in the House of Lors. citeturn0search0turn0search12 --- ### 🇧🇸 The Bahamas: Comprehensive Regulation with the DARE Act 224 The Bahamas has enacted the **Digital Assets and Registered Exchanges (DARE) Act 2024**, building upon its 2020 frameok. The legislation mandates that entities conducting digital asset businesses within or from The Bahamas must be registered legal entiis. It also prohibits unregistered digital asset activities and outlines specific provisions for mining operations, aiming to enhance investor protection and maintain regulatory standrds. citeturn0search1 --- ### 🇦🇺 Australia: Establishing a Regulatory Framework for Digital Asets Australia is considering the **Digital Assets (Market Regulation) Bill 2023**, which proposes a licensing regime for digital asset exchanges, custody services, and stablecoin isers.

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