According to a leaked draft of the European Union’s money laundering bill, privacy-providing cryptocurrencies may be banned after the law is passed.
According to the copy of the money laundering bill obtained by Coindesk, the European Union, cryptocurrency exchanges and banks It has come to the fore that he may ban him from trading with cryptocurrencies that provide privacy. If the law goes into effect accordingly, it will be covered by proposed government changes to crypto providers’ anti-money laundering rules. Monero (XMR), Dash (DASH) and Zcash (ZEC) will be prohibited from using products such as
In the draft law dated November 9, which allegedly circulated to the other 26 member states of the region for comment, “credit institutions, financial institutions and crypto asset service providers will be prohibited from holding coins that increase anonymity” is included.
“Check PlanThis article of law, called ”, is among the requests of the countries involved in the negotiation. According to Czech plans, crypto asset providers 1,000 eurosEven for occasional transactions below .
Under the EU’s passed but not yet effective MiCA bill, it prevents exchanges from allowing the trading of anonymous crypto assets unless they identify the transacting users. A parallel set of rules for the transfer of funds, Monero, Dash and Tornado Cash It will bring extra controls for anyone who trades with protocols such as
The next vote on the law 2023 It is expected to take place at the beginning of the year.