The EU will completely ban anonymous crypto accounts and privacy coin transactions in 2027
05-03 04:32
Odaily News The European Union has officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit all financial institutions and crypto service providers from providing anonymous crypto accounts or wallets from July 1, 2027, and completely ban transactions of privacy coins (such as Monero, Zcash, and Dash). The new regulations also require mandatory identity verification for crypto transactions exceeding 1,000 euros, and establish a new regulatory agency, AMLA, to directly supervise large crypto platforms. (Cointelegraph)
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