EU Bans Anonymous Cryptocurrency Transactions

March 24, 2024 Tóth Balázs

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The European Parliament has approved legislation aimed at combating money laundering and terrorism financing, which prohibits the use of unidentified, self-hosted cryptocurrency wallets for any size of cryptocurrency transactions. The ban specifically targets wallets provided by third-party services, such as centralized exchanges, whether hosted or custodial.

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EU Bans Anonymous Cryptocurrency Transactions

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