Post by appsorioleinsights on Jul 16, 2024 5:01:15 GMT -6
The European Union has enacted a new regulation that prohibits anonymous crypto transactions through self-custody wallets. This measure aims to enhance anti-money laundering (price prediction platform) efforts and increase transparency in the cryptocurrency industry. The regulation requires crypto service providers to collect and verify the identity of users when transactions exceed a certain threshold, even for decentralized wallets. This policy change is part of the EU's broader strategy to regulate the crypto market and combat financial crime.