The European Union will completely ban anonymous crypto accounts and privacy coin transactions from 2027
2025-05-03 04:36:45
On May 3, the European Union officially passed the Anti-Money Laundering Regulation (AMLR), which will ban all Financial Institution Groups and crypto service providers from providing anonymous crypto accounts or wallets from July 1, 2027, and completely ban the trading of privacy coins (such as Monero, Zcash, Dash). The new regulations also require mandatory authentication for crypto transactions over 1,000 euros, and establish a new regulator, AMLA, to directly supervise large crypto platforms. (Cointelegraph)
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