“Since 2027, new rules for combating money laundering (AML) will come into force in the European Union, which prohibit anonymous cryptographers and the use of private coins such as Monero and ZCash. Still Figing Out What the Amlr Means for Your Crypto Business? We Get It – It’s Dense, It’s New, and It’s Critical. That’s who’ve put together “the AML Handbook”! We Break Down […]”, – WRITE: Businessua.com.ua
Since 2027, the European Union will come into force new rules for combating money laundering (AML) that prohibit anonymous cryptographers and the use of private coins such as Monero and Zcash.
Still Figing Out What the Amlr Means for Your Crypto Business? We Get It – It’s Dense, It’s New, and It’s Critical. That’s who’ve put together “the AML Handbook”!
We Break Down What You Need To Know (and What You Need To Do) To Stay Compliment 👇HTTPS: //t.co/xot37M6Mrh
– Europe Crypto Initiative (@Eucinitiative) April 23, 2025
Exchange, banks and other financial services providers will be restricted. Pursuant to Article 79 of the new provision on the fight against money laundering (AMLR), published by European crypto -initiative (EUCI), providers will be prohibited from servicing anonymous accounts or working with assets that hide user data.
There are no exceptions for private token.
The reform also covers bank accounts, safes and crypto assets with anonymization function. Cryptoplature, which operate in six or more EU countries, will be subject to the direct supervision of the newly created management of money laundering (AMLA).
Selection criteria to the list of regulated companies include:
- at least 20,000 customers in one country;
- Annual turnover over € 50 million
A mandatory verification of users in transactions is also introduced from € 1000.
Recall that in April, the European Securities and Markets (ESMA) has expressed anxiety by the growing cross -section of the crypto industry and the traditional financial system.
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