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EU committees approve cash limits and ban on anonymous crypto transfers

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EU committees approve cash limits and ban on anonymous crypto transfers

They want to introduce a €10000 cap on business transactions and a €3000 cap for anonymous cash transactions. Additionally crypto transactions using anonymizing instruments (eg. coinjoin) or anonymizing coins to “hosted wallets” are banned completely with no threshold. This does not include transfers between individuals or to vendors for purchases.

submitted by /u/john-larry
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