PANews reported on May 3 that the European Union officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit all financial institutions and crypto service providers from providing anonymous crypto accounts or wallets from July 1, 2027, and completely ban transactions of privacy coins (such as Monero, Zcash, Dash). The new regulations also require mandatory identity verification for crypto transactions exceeding 1,000 euros, and establish a new regulatory agency, AMLA, to directly supervise large crypto platforms. (Cointelegraph)