In a significant move aimed at combating financial crimes, the European Union (EU) has banned the use of unidentified self-hosted crypto wallets for cryptocurrency payments of any size. This decision comes as part of a comprehensive set of new anti-money laundering (AML) laws within the continent. On March 19, a majority of the EU Parliament’s leadership committee approved the prohibition. This marks a crucial step in regulatory efforts to ensure transparency and accountability in financial transactions. However, it’s essential to note that the approval faced opposition from two members, including Patrick Breyer and ... (full story)