The newly established Anti-Money Laundering Authority (AMLA) of the European Union officially began operations this month and warned that cryptocurrency exchanges, hosted wallets, and other Virtual Asset Service Providers (VASPs) must strictly adhere to the new anti-money laundering regulations. The chairman of AMLA pointed out that member countries will review the actual beneficiaries and shareholder backgrounds of the platforms to prevent money laundering and terrorist financing risks. The new regulations clearly prohibit services related to anonymous wallets and Privacy Coins, and require crypto companies to provide "direct, immediate, and unfiltered" account data access to regulators no later than July 2027. (Decrypt)