The European Union will fully ban anonymous cryptocurrency accounts and privacy coin transactions starting in 2027

ChainCatcher news, according to Cointelegraph, the EU has officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit all financial institutions from providing anonymous crypto accounts or wallets with crypto service providers starting from July 1, 2027, and will completely ban transactions involving privacy coins (such as Monero, Zcash, Dash).

The new regulations also require that crypto transactions exceeding 1,000 euros must undergo mandatory identity verification, and a new regulatory body, AMLA, will directly oversee large crypto platforms.