EU Cracks Down on Anonymous Cryptocurrency Accounts, Pushing for Greater Transparency
BRUSSELS, Belgium – The European Union has implemented stricter regulations on anonymous cryptocurrency accounts, enacting laws aimed at combating money laundering. These new regulations forbid the provision of services to anonymous accounts, requiring individuals and businesses dealing with cryptocurrencies to comply with anti-money laundering standards. The EU hopes this move will enhance transparency and prevent illicit activities facilitated by cryptocurrency anonymity. Under the new rules, cryptocurrency exchanges and wallet providers will need to verify the identity of their customers, collecting information such as names, addresses, and dates of birth. Additionally, they will be required to … Read more