🚀DeFi, Web 3, and Tech enthusiasts, gather 'round! The European Parliament's leading committees just greenlit legislation targeting anonymous #crypto transactions via hosted wallets. Say goodbye to unidentified transactions! 😱

🌍This move aligns with the EU's Anti-Money Laundering and Counter-Terrorist Financing directives, extending their reach to the digital currency sector. But not everyone's on board, with some MEPs voting against the prohibition. 🗳️

💼The legislation targets custodial crypto wallets provided by third parties, including centralized exchange platforms. Expect restrictions on anonymous cash and crypto transactions too! 💸

📅Ireland-based law firm Dillon Eustace predicts the legislation could be implemented ahead of its expected 3-year timeline. Crypto networks, known for their permissionless and anonymous access, are in for some big changes! 🔄

🔒Some in the #crypto sector see the updated AML laws as a necessary step, while others worry about potential privacy infringements and limitations on economic freedom. What do you think? Share your thoughts in the comments! 🗨️