Coin Telegraph: EU will ban anonymous crypto accounts and privacy coins by 2027, strengthening AML regulations and oversight of crypto service providers

The European Union has announced a significant move to combat money laundering and illicit activities within the cryptocurrency space, with plans to ban anonymous crypto accounts and privacy coins by 2027. This decision comes as part of broader efforts to strengthen Anti-Money Laundering (AML) regulations. Under the new rules, crypto asset service providers (CASPs), along with financial institutions and credit institutions…