The European Parliament has recently passed a comprehensive anti-money laundering legislative package that significantly impacts the cryptocurrency sector. This legislation mandates stricter monitoring of crypto-asset service providers (CASPs), including the elimination of anonymous crypto transactions and hosted wallets. Additionally, the new laws enforce rigorous data collection on user transactions and apply stringent controls on non-custodial wallets. Notably, the legislation also includes a prohibition on anonymous cash payments over €10,000. These measures have sparked considerable debate within the crypto community and among European Parliament members, including Patrick Breyer, who expressed concerns over privacy rights and the implications for the industry.