Crypto exchanges and custodians operating in the EU will face stricter customer verification requirements under anti-money laundering measures taking effect next year.
The European Union has adopted new anti-money laundering (AML) rules that will prohibit regulated crypto-asset service providers from supporting privacy-focused cryptocurrencies from July 2027. The measures form part of a broader effort to strengthen oversight of financial activities considered vulnerable to money laundering and illicit finance.
Under the framework, crypto-asset service providers, including exchanges and custodians, will be required to apply enhanced customer due diligence measures to occasional crypto transactions…
