"The Council of the EU is looking to place a ban on coins which enhance anonymity. These would include privacy coins like Monero and Zcash."
"The European Commission will need to present a report assessing whether to ban anonymous accounts offered by crypto service providers offering “high risk” privacy wallets, as well as crypto mixers like Tornado Cash.
The commission and council suggested the report should come three years after the laws come into force, potentially by 2027, but the parliament hopes to push that to two years."
"Still, the parliament is pushing to limit the amount merchants are allowed to accept from self-hosted wallets without involving a licensed crypto firm at €1,000. A breach would result in penalties."
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The EU is about to outlaw and restrict some of the most prized features in crypto
The EU is taking aim at privacy coins and self-custody wallets under new anti-money laundering regime. The changes, including a ban on crypto mixe...
