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#ALEO# Gate.io News bot news, according to Cointelegraph, the European Union has officially passed the Anti-Money Laundering Regulation (AMLR). The regulation stipulates that starting from July 1, 2027, all financial institutions are prohibited from providing anonymous encryption accounts or wallets with encryption service providers. At the same time, the regulation completely bans trading activities of Privacy Coins such as Monero, Zcash, and Dash.
The new regulations also specify that mandatory identity verification must be carried out for crypto transactions exceeding 1,000 euros. In addition, the EU will establish a new regulatory body, AMLA, which will be directly responsible for overseeing large crypto platforms. oort