EU Adopts Anti-Money Laundering Regulation for Crypto
According to PANews, the European Union has officially approved the Anti-Money Laundering Regulation (AMLR), set to take effect on July 1, 2027. The new rules will ban anonymous crypto accounts and wallets, prohibit transactions involving privacy coins like Monero, Zcash, and Dash, and require identity verification for crypto transactions over 1,000 euros. A new regulatory body, the Anti-Money Laundering Authority (AMLA), will also be established to oversee large crypto platforms.