Breyer made a statement by voting against the ban on anonymous cryptocurrency transactions, together with Gunnar Beck of the Alternative für Deutschland (Alternative for Germany).
In line with attempts to expand the European Union's Anti-Money Laundering (AML) and Counter-Terrorist
Financing directives to the digital currency industry, the top committees of the European Parliament have recently approved legislation that targets anonymous cryptocurrency transactions through hosted wallets.
Following a tentative agreement between the European Council and Parliament to include the cryptocurrency market within the EU's strict anti-money laundering regulations, this development has taken place.
On March 19, Patrick Breyer, the European Parliament representative for the Piratenpartei Deutschland (Pirate Party of Germany), announced via an X post that the majority of the Parliament's main committees had approved this legislative change.
Breyer made a notable vote against the ban on anonymous cryptocurrency transactions, together with Alternative für Deutschland's Gunnar Beck.
The legislation specifically targets third-party custodial cryptocurrency wallets, such as centralized trading platforms.
March 2024, Cryptoniteuae