EU's AML Turns Down Anonymous Crypto Wallets and Payments

EU’s AML Bans Anonymous Crypto Payments to Address Criminal Activity

In a recent regulatory change in the European Union, The EU’s AML has made the use of unidentified and anonymous self-custody crypto wallets for cryptocurrency payments of any amount illegal and Banned it in Europeon Union. This decision is part of new anti-money laundering laws in the EU.

The majority of the EU Parliament's lead commission approved this prohibition as stated in a post by Patrick Breyer. Breyer, a member of the European Parliament for the Deutsch Piraten Partei, was one of the two leaders who opposed the approval. Gunnar Beck, representing the Alternative for Germany (AfD) party, was the other Parliament member who voted against it.

To know more- Down Anonymous Crypto Wallets and Payments