The EU recently made stricter rules about using cryptocurrencies. They say it’s to stop criminals from using them for bad stuff like money laundering or supporting terrorism.

The new rules say that companies that deal with cryptocurrencies can’t let people have anonymous accounts anymore. This means they can’t keep your identity a secret when you use cryptocurrencies.

The EU thinks that anonymous cryptocurrencies make it hard to keep track of where money is going, which could help criminals. They don’t want these kinds of transactions to happen without being able to see who’s involved.

The rules specifically mention certain types of cryptocurrencies and accounts that make it really hard to see who’s doing what. These include things like coins that use special technology to hide transactions.

But not every part of the cryptocurrency world is affected by these rules. Companies that make the technology for cryptocurrencies or the software to store them aren’t included. Also, if you have a digital wallet where you control your own money without a company’s help, these rules don’t apply to you.

Some people, like Patrick Breyer, a member of the European Parliament, don’t agree with these rules. They think everyone should have the right to use cryptocurrencies without their transactions being tracked. Breyer says that trying to control virtual currencies in one region won’t work because the internet is global.