EU to Ban Anonymous Crypto Wallets and Transactions

Reading Time: 2 minutes The EU aims to bring a ban on anonymous cryptocurrency transactions and anonymous wallets. It argued that this latest move would help enforce anti-money laundering (AML) standards. The proposal requires halting crypto transactions of more than €10,000. The European Union has submitted a proposal asking for a ban on anonymous cryptocurrency transactions and anonymous wallets. The European Commission (EC), which is responsible for proposing legislation and enforcing European Union (EU) laws, argues that this move is part of a larger plan to enforce anti-money laundering (AML) standards. The 52-page proposal by the EC suggests a number of projects to be
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