Circle’s EU Policy Chief Patrick Hansen Busts AMLR 2027 FUD
Circle's Patrick Hansen refuted claims that the EU's AMLR regulation will ban self-custody wallets or P2P crypto transactions.Summary
Patrick Hansen, Director of EU Strategy and Policy at Circle, actively countered misinformation suggesting that Europe's upcoming Anti-Money Laundering Regulation (AMLR), expected around 2027, would prohibit self-custody wallets or anonymous peer-to-peer crypto transactions. Hansen clarified that the AMLR's obligations apply strictly to Crypto-Asset Service Providers (CASPs) like exchanges and custodial wallets, not individual users utilizing private or self-custody solutions like hardware or software wallets. He emphasized that the regulation reinforces existing Anti-Money Laundering Directive (AMLD5) and Markets in Crypto-Assets (MiCA) rules for CASPs, noting that earlier, more restrictive proposals—such as limits on self-custody payments—were removed due to industry advocacy. While the AMLR focuses on intermediaries, Hansen also warned about potential regulatory overlap between MiCA and PSD2 rules, which could significantly increase compliance costs for stablecoin issuers.
(Source：BeInCrypto)