🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
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The EU plans to completely ban Privacy Coins and anonymous encryption transactions by 2027.
[The EU Plans to Fully Ban Privacy Coins and Anonymous Crypto Transactions by 2027] The European Parliament and Council have reached a preliminary agreement on the Anti-Money Laundering Regulation (AMLR), which is scheduled to be fully implemented by 2027. This regulation will prohibit Crypto Assets Service Providers (CASP) from supporting cryptocurrencies with anonymous characteristics, such as Monero and Zcash, and will restrict the use of anonymization tools like crypto mixers. Although hosted wallets are not directly banned, their anonymous transaction features will be strictly limited. According to the AMLR, CASP must conduct customer due diligence on all transactions, including transfers from hosted wallets. Additionally, the regulations prohibit the provision of anonymous accounts and require an assessment of high-risk Privacy Coins and mixing services. Relevant reports are expected to be completed three years after the regulations take effect, by 2030.