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EU Set to 'Terminate' Anonymous Coins and Anonymous Crypto Accounts from 2027
The European Union (EU) will officially ban all anonymous tokens such as Monero (XMR), Zcash (ZEC), and anonymous crypto accounts from 2027, as part of new anti-money laundering regulations (AMLR). This is a tough but not surprising move in the effort to tighten control over the EU's digital asset sector.
Anonymous tokens and anonymous wallets will be removed
According to Article 79 of the AMLR law published by the European Crypto Initiative (#EUCI ), financial institutions, banks, and cryptocurrency service providers (CASP) will not be allowed to hold anonymous accounts or process transactions related to coins with anonymity features. This applies not only to crypto but also extends to:
Anonymous tokens and anonymous wallets will be removed
According to Article 79 of the AMLR law published by the European Crypto Initiative (#EUCI ), financial institutions, banks, and cryptocurrency service providers (CASP) will not be allowed to hold anonymous accounts or process transactions related to coins with anonymity features. This applies not only to crypto but also extends to:
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