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<ul><li>Patrick Hansen addresses and corrects misunderstandings about the impact of the EU&#39;s Anti-money Laundering Regulation on crypto anonymity.</li><li>AMLR focuses on crypto-asset service providers with significant requirements but spares non-custodial wallet providers from its scope.</li><li>Despite early concerns, the regulation&#39;s effect on the broader crypto market and practices such as self-custody of wallets and peer-to-peer transfers is minimal.</li></ul>Industry expert Patrick Hansen has addressed and clarified earlier reports and discussions about the European Union&#39;s cryptocurrency anonymity policy. His analysis aimed to correct common misunderstandings surrounding the regulation&#39;s impact on anonymous cryptocurrency wallets and transactions.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bed2e7b9a59d40cbabcb045620fc1e91.png" />Hansen&#39;s discourse revealed the  Anti-Money Laundering Regulation (AMLR) as not an attack on cryptocurrency. Instead, it is a framework designed for anti-money laundering (AML) and counter-terrorism financing (CFT) that spans both financial and selected non-financial sectors.Hansen highlighted that the regulation does not affect non-custodial wallet providers. Its main impact lies with crypto-asset service providers (CASPs), such as exchanges and brokers, especially those regulated under the <a href="https://cryptotale.org/eu-unveils-mica-regulation-to-navigate-crypto-landscape/" rel="noopener noreferrer nofollow">Markets in Crypto-Assets (MiCA) framework</a>.<a href="https://cryptotale.org/no-ban-on-non-custodial-crypto-wallets-under-eus-amlr-says-patrick-hansen/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

No Ban on Non-Custodial Crypto Wallets Under EU’s AMLR, Says Patrick Hansen

CryptoTale

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