Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, the European Union is set to ban anonymous crypto accounts and privacy coins starting in 2027 under sweeping new Anti-Money Laundering (AML) regulations, the US Treasury moved to cut the Huione Group off from the financial system over its crypto crime ties, and Coinbase is set to halt trading for the MOVE token.

The European Union is set to impose sweeping AML rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027.

Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies, such as Monero (XMR) and Zcash (ZEC).

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