EU introduces €10,000 cash payment cap and AML rules requiring crypto service provider verification
The EU has introduced a €10,000 cap on large cash payments and stricter AML rules requiring crypto service providers to verify customers and improve traceability of crypto transactions, with rules expected to be fully applicable by 2027. Multiple sources report the ban on cash payments over €10,000 and ID requirements for Bitcoin transactions.
Detected & updated continuously · Source: Nebula
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@airdop_crypto
🇪🇺 BIG PRIVACY DEBATE IN EUROPE The EU is introducing a €10,000 cap on large cash payments, while stricter AML rules will require crypto service providers to verify customers and improve the traceability of crypto transactions. The rules are expected to be fully applicable by https://t.co/cuMXXhLVDf
@PolyBackTest
🇪🇺 The EU has banned cash payments over €10,000 and will require ID for Bitcoin transactions starting in 2027. They're criminalizing privacy. https://t.co/aKRZtFzBBX