EU to Impose €10K Cash Limit and Ban on Anonymous Crypto Accounts

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A hand holding a white card labeled "MiCA" surrounded by floating silver cryptocurrency coins against the European Union flag.

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The European Union is preparing one of its biggest anti-money laundering reforms in years. Starting in July 2027, the new Anti-Money Laundering Regulation (EU) 2024/1624 will introduce stricter controls on cash payments, cryptocurrency transactions, and several high-risk industries.  The goal is to create a single rulebook across all EU member states and make it harder …

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