The European Parliament has passed a significant anti-money laundering bill targeting the cryptocurrency sector in its final vote. The new legislation mandates increased monitoring of crypto-asset service providers (CASPs) and bans anonymous crypto transactions. This includes the prohibition of anonymous hosted wallets and cash payments over €10,000. The bill requires crypto firms to collect detailed data on users and their transactions, and enforce stricter monitoring of non-custodial wallets. This move is part of the EU's broader efforts to combat money laundering and enhance regulatory oversight of the cryptocurrency industry.
In which the crypto world once again finds out what being part of the EU regulatory framework feels like https://t.co/2x9rKce9Dg
WATCH‼️ 🇪🇺 EU bans anonymous hosted crypto wallets and cash payments over €10,000. The War on Privacy continues…! 🤨 https://t.co/yyFsttWhAZ
The EU just voted to ban some of the most prized privacy features of crypto. The industry was not too happy about it. Great reporting by @InbarPreiss for @DLNewsInfo. https://t.co/ML7S1kUDuV
Crypto-asset service providers (CASPs) will now be monitored by the government according to new laws passed by the European Parliament https://t.co/MdYc9Vx11U
📣 Latest News: EU enacts crypto regulations to combat money laundering #news #cryptonews #crypto #regulations
EU votes to ban anonymity for crypto and increase monitoring of users. The bill passed by the European Parliament will force crypto firms to collect more data on users and their transactions, enforce stronger monitoring of non-custodial wallets, and ban tools bolstering… https://t.co/4voWAOYHsk
EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers https://t.co/IKKLYfMHgB
EU votes to ban anonymity for crypto and increase monitoring of users https://t.co/HL4o3W7C7R