EU Implements Ban on Unverified Self-Hosted Crypto Wallets - Coingape

 It's the same old story, the government wants to take your rights away for YOUR safety.

The European Union (EU) has adopted an effective ban on crypto transactions committed through non-custodial wallets that have not been verified. This measure forms part of the broader Anti-Money Laundering (AML) directives aimed at combating financial crimes. A majority of the European Parliament‘s leading commission ... approved the decision, and this stand implies a unified stand against anonymous transactions.

The regulation targets transactions through self-custody wallets that lack proper identification, encompassing those facilitated by mobile, desktop, or browser applications. The plan is tailored to overcome the gap that enables the anonymous movement of funds, which is a way used to commit crimes.

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