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CryptoIntelligence 2024-03-30 06:28:00

EU Parliament Votes to Ban Anonymous Crypto Transactions, Sparking Debate Over Privacy

EU Parliament Votes to Ban Anonymous Crypto Transactions, Sparking Debate Over Privacy

The European Parliament’s leading committees have recently greenlit a legislation that targets anonymous cryptocurrency transactions through hosted wallets, aligning with efforts to extend the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing directives to the digital currency sector. This development occurs in the wake of a provisional agreement between the European Council and Parliament to incorporate the cryptocurrency market within the scope of the EU’s stringent AML laws. Patrick Breyer, representing the Piratenpartei Deutschland (Pirate Party of Germany) in the European Parliament, shared via an X post that this legislative update received approval from the majority of the Parliament’s primary

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