EU Imposes New Crypto Regulations: Cash Payments Limited Over €10,000

The European Union has introduced new anti-money laundering regulations for the cryptocurrency sector. These regulations will limit cash payments to a maximum of €10,000 and require identification verification for transactions exceeding €1,000 starting July 1st, 2027. This marks a significant step in enhancing transparency and accountability within the crypto market. Regulations like these aim to curb financial crime and have far-reaching implications for industry players.