The European Anti-Money Laundering Authority (AMLA) has alerted the cryptocurrency industry to upcoming stringent regulations, including a ban on anonymous wallets and privacy coins. These new rules mandate a thorough review of the backgrounds of actual owners and shareholders of crypto asset service providers to prevent money laundering and terrorist financing. Additionally, crypto companies must grant government agencies direct and immediate access to account data. The regulations are set to be fully enforced by July 2027. This follows recent anti-money laundering investigations in France and the Netherlands targeting Binance for alleged terrorist financing and tax fraud.