EU AML Rules Cap Cash at €10K, Tighten Crypto KYC by 2027

The EU's anti-money laundering regulation, Regulation (EU) 2024/1624, takes effect July 2027 and imposes a bloc-wide €10,000 ceiling on cash payments for goods and services. The framework also tightens rules for crypto-asset service providers — bringing KYC obligations onto a wider set of…