EU about to outlaw and restrict some of the most prized features in crypto

The EU is finalizing an anti-money laundering regime that would restrict privacy coins, self-custody wallet payments and crypto mixers, with lawmakers expected to make key changes in trilogue talks that week. The Council of the EU is seeking a ban on anonymity-enhancing coins such as Monero and Zcash, according to the article, and Tommaso Astazi of Blockchain For Europe said few were ready to defend these tools. The European Parliament is pushing to limit merchant acceptance of payments from self-hosted wallets without a licensed firm to €1,000, while the Commission must report on banning anonymous accounts and mixers such as Tornado Cash.