The EU is taking concrete steps to increase transparency in the crypto industry, aiming for a more traceable financial landscape. Eurogroup President Paschal Donohoe announced new regulations that extend traditional financial oversight to cryptocurrency service providers (CASPs). This move aims to address concerns over anonymity within the blockchain space. Specifically, transfer data for both senders and recipients of funds will now be mandatory, impacting crypto businesses. 2025’s ‘European Anti-Financial Crime Summit’ revealed that this shift marks a significant escalation in the EU’s regulatory approach toward crypto, following years of efforts to enforce stricter rules. The EU’s AML Authority (AMLA) will be responsible for enforcing these changes, and key provisions include banning anonymous wallets like Monero ($XMR) and Zcash ($ZEC), effective July 1, 2027. Furthermore, the EU plans to block IP addresses of non-compliant decentralized exchanges, marking a significant regulatory crackdown in the crypto industry. While some critics argue these rules hinder the decentralized nature of cryptocurrencies, Donohoe insists that the regulation is essential for crypto’s future within the financial ecosystem.