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The European Union (EU) has implemented a new directive that prohibits the use of anonymous, privately managed crypto wallets for any transaction value. This decision is part of a set of anti-money laundering laws aimed at preventing cryptocurrency payments to 'hosted wallets' using unidentified self-custody crypto wallets. The move has sparked debates within the crypto community, with some arguing that banning self-custody crypto wallets is akin to outlawing cash transactions.
No, the EU is not banning self-custodial crypto transactions or wallets https://t.co/ZQZzquryj5
On Friday, the EU passed the Anti-Money Laundering Regulations law. Soon after, crypto media outlets started to report that the EU is looking to ban all anonymous crypto txns via self-custody wallets. Is the EU killing crypto? Find out: https://t.co/2pQDYZefRS
#EU Anti Money Laundering Laws Prohibit Provision of Services for Anonymous #Cryptocurrency Accounts https://t.co/KBwClvjBQw
