Crypto Events
By Dan Saada
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The European Union has officially taken a hardline stance against anonymity in the cryptocurrency sector.
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Among the key provisions of the AMLR is the complete ban on privacy-focused cryptocurrencies such as Monero (XMR) and Zcash (ZEC).
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Additionally, the AMLR bans unidentified crypto accounts—an attempt to close loopholes that have allowed users to bypass identity verification through decentralized platforms and…
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This dramatic shift toward transparency is part of the EU’s broader strategy to bring crypto in line with traditional finance when it comes to compliance and oversight.
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But the regulation doesn’t stop at banning certain cryptocurrencies. A newly created entity—the Anti-Money Laundering Authority (AMLA)—will oversee enforcement across the…
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This supervision model represents a major leap toward centralizing regulatory authority in Europe’s fragmented crypto landscape.
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The European Crypto Initiative (EUCI), a think tank focused on blockchain policy, noted in its AML Handbook that the new regulation doesn't just affect crypto exchanges.
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In parallel to the AMLR’s passage, the European Securities and Markets Authority (ESMA) issued another key decision that impacts the crypto market.
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Instead, the burden of monitoring and reporting suspicious activity falls squarely on CASPs, including centralized crypto exchanges and brokerages.
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Patrick Hansen, EU Strategy Director at stablecoin issuer Circle, welcomed the move, describing it as a “flexible” framework that leaves room for innovation while maintaining…
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Still, the EU’s approach has triggered debate across the industry. Critics argue that banning privacy coins and increasing regulatory oversight could stifle innovation and push…
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As Europe sets its sights on leading global crypto regulation, the next two years will be critical.
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