A directive affecting the crypto sector in Europe has been adopted by the EU Council. The document updates the anti-money laundering legislation of the European Union to address, among other issues, the risks linked to virtual currencies. The new rules aim to reduce anonymity for both users and transactions with requirements for know-your-customer procedures that crypto platforms will have to implement. Meanwhile, a high-ranking ECB official has called for segregating the crypto business from traditional finances.
Agree on the comment above that EU just using up this anti-money laundering thing as an alibi yet they are not too much involve when it comes to funding groups or whatsoever which means this is truly not the main reason but well i do expect this anytime not only on EU but on other countries as well. Strict implementations and applying KYC will become mandatory or a fixed compliance effective on exchangers.Yes, it does reduce anonymity but we can still make transactions on other backyard away from their awareness.