Australia's search ID goes into force, Ireland lobbies to ban anonymity
Australia's new search ID law has come into effect, requiring cryptocurrency exchanges to verify the identities of users before allowing transactions. This regulation aims to enhance transparency and combat money laundering in the crypto space. Meanwhile, Ireland is actively lobbying for a ban on anonymous cryptocurrency transactions, seeking to align with broader European Union efforts to regulate digital currencies. Both initiatives reflect a growing global trend towards stricter oversight of the cryptocurrency industry.
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