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Privacy will ‘continue to fight’ between blockchain and state stakeholders


Participants and regulators of the blockchain industry are constantly fighting for privacy rights while the European Union rules sweeping anti-money laundering (AML) rules are set to inhibit tokens that maintain privacy and unidentified crypto accounts beginning in 2027.

Credit institutions, financial institutions and crypto service providers (CASP) will be prohibited to maintain Anonymous account or handling of privacy-maintaining cryptocurrencies under EU’s new anti-money Laundering regulation (AMLR) that will take effect by 2027, Cointelegraph reported in May.

Maintaining the right to access coins that maintain privacy such as Monero (Xmr) has become a “ongoing battle” between stakeholders of the blockchain industry and regulators, according to Anja Blaj, an independent legal consultant and European Crypto initiative policy policy.

“When you think about how the states want to play their policies, they want to establish control. They want to understand who those parties are on their own,” said Blaj, who speaks during Cointelegraph’s day -to -day -day live x space Show On September 3.

“(The State) wants to understand that in order to avoid any crime and scamming that is happening, and we want to implement the rules we create as a society.”

His comments come as the EU rides its regulation of regulation in the crypto industry, building Crypto-Assets regulation markets (Mica).

Related: Swiss Banks complete the first legal -binding -bound blockchain

The room for negotiations remains

While the AML framework is final, regulatory experts are still seeing the potential for negotiations until it launches in 2027.

Making the policy is a “continuous conversation,” which means “nothing is stored, even if the regulation is gone,” Blaj said. “There are still ways to talk to regulators, see how it plays, how to implement it.”

While there is always room for negotiations with policy manufacturers, the regulation of privacy-maintenance of cryptocurrencies and accounts becomes “more stringent as it does not deliver the interests and planning of states,” he added.

Related: The Bitcoin Whale Awakens 12 years later, transferring 1,000 BTC before the US Fed Meeting

Pushing against crypto privacy came as a separate proposal to the EU, Known as “chat control”Momentum again.

Source: Flight Chat Control / Cointelegraph

The plan will require platforms such as WhatsApp and Telegram to scan every message, photo and video sent by users, even those protected with end-to-end encryption.

Fifteen member states return to the bill, but their support has not yet represents 65% of the EU population – the threshold required for adoption. Germany is in doubtBut a policy transfer can prove to be decisive.