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EU may ban anonymous crypto transactions

Nov 18, 2022
EU may ban anonymous crypto transactions
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The EU does not exclude that a ban on the use of anonymous payments in the crypto industry will soon be introduced. In this case, Monero (XMR), Zcash (ZEC) and Dash (DASH) coins will be banned. So far, there are not many details on this case. It is known that a Czech deputy was the author of the idea, and that a number of countries have been supporting this innovation for a long time.

Also, as part of the new bill, they want to change the KYC rules. That is, during all transactions it will be necessary to verify the identity of each user. Even if the amount does not exceed 1000 euros.

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