In a series of shocking statements early yesterday, European Commission regulators declared that they were “banning anonymous cryptocurrency wallets” as part of a money laundering crackdown. This understandably sent crypto markets tumbling – but they quickly recovered, apparently as it became clear the E.U. had woefully misrepresented the substance of the proposed regulation. The crypto provisions (PDF) were part of a package of four proposals intended to fight money laundering. In a tweet thread summarizing the proposed rules, Mairead McGuinness, the E.U. Commissioner for Financial Services, wrote that the measure ... (full story)