Crypto in the EU Faces a Privacy Purge Under New AML Rules
2025-07-17 09:05:00
Main Idea
The EU's new AML rules, enforced by AMLA, will require crypto service providers to disclose transaction details and ban anonymous accounts to enhance transparency and combat money laundering.
Key Points
1. The Anti-Money Laundering Authority (AMLA) will enforce uniform AML rules across all EU states to close oversight gaps.
2. Crypto service providers in the EU must disclose transaction details and are prohibited from offering anonymous accounts.
3. The new regulations are part of the EU's updated AML laws and align with the Markets in Crypto-Assets (MiCA) rules.
4. AMLA's head, Bruna Szego, emphasized the importance of transparency in crypto transactions to prevent illicit activities.
Description
Companies offering crypto services in the European Union (EU) will be required to follow new rules aimed at preventing illegal financial activity, starting in July 2027.
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