Posted 3/24/2024, 6:46:12 PM
EU Approves New Limits on Anonymous Crypto and Cash to Crack Down on Financial Crime
- EU approving new restrictions on anonymous crypto and cash transactions over certain thresholds
- Banning cash payments over €10,000 and anonymous cash payments over €3,000
- Banning crypto payments to hosted wallets with no threshold
- Aims to crack down on financial crime but could deprive citizens of financial freedom
- Establishing an EU Anti-Money Laundering Authority (AMLA) to oversee new rules and increased supervision
