The European Union plans to enhance transparency in cryptocurrency transactions for both senders and receivers, focusing on regulatory compliance for crypto asset service providers.
New AML regulations will come into force on July 1, 2027, banning interactions with anonymous wallets, impacting the decentralized finance sector significantly.
The new AML regulations aren’t just about crypto; they aim for a broad approach to financial regulation which has raised concerns about compliance challenges within the decentralized finance landscape.
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