On May 1, the European Union announced a ban on anonymous crypto accounts and privacy coins starting in 2027 as part of new Anti-Money Laundering regulations. This regulation will prohibit credit institutions and crypto asset service providers from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies like Monero and Zcash. The U.S. Treasury has moved to disconnect Huione Group from the financial system, accusing it of enabling North Korea's Lazarus Group to launder at least $4 billion in illicit proceeds. Huione, which consists of several businesses including a payment service platform and a cryptocurrency exchange, was labeled as a 'marketplace for malicious cyber actors.' Meanwhile, Coinbase announced it will suspend trading for the Movement Network token (MOVE) effective May 15, following a significant decline in the token's price and failure to meet listing standards. The price had plummeted by around 14.5% in 24 hours, amidst ongoing investigations into Movement Labs' agreements with a market-making firm.

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