#EUPrivacyCoinBan Crypto service providers (CASPs) including exchanges and financial institutions must ensure they collect customer identification (KYC) data for all users or cease offering those services within the EU. 

The EU will ban anonymous crypto accounts The establishment of new privacy rules aims to restrict transactions involving Monero (XMR), Zcash (ZEC), and Dash cryptocurrency. The EU will ban all cryptocurrencies that aim to provide transaction anonymity from operating within its borders. The regulators claim that these coins enable users to execute hidden criminal operations and money laundering schemes …

The post EU’s Strict New Crypto Regulations: Privacy Coins, Anonymous Accounts Banned by 2027 appeared first on Coin Edition.Europe is adopting stringent anti-money laundering standards that prohibit privacy coins and anonymous crypto account operations starting from July 1, 2027.