EU Approves Ban on Anonymous Crypto Payments Over €3,000, Limiting Privacy Coins

• EU Parliament approves ban on anonymous crypto payments and cash transactions over certain limits as part of anti-money laundering legislation • Bans self-custody wallets, anonymous cash payments over €3,000, cash payments above €10,000
• Regulation aims to combat criminal activities but could impact privacy and innovation • Crypto community questions scope, with some exchanges already delisting privacy coins • Rules could make paying with unidentified self-custody wallets difficult; peer-to-peer transfers explicitly excluded