According to Deep Tide TechFlow, the European Parliament and Council have reached a preliminary agreement on the Anti-Money Laundering Regulation (AMLR), which is planned for full implementation in 2027. This regulation will prohibit cryptocurrency service providers from supporting cryptocurrencies with anonymous characteristics, such as Monero and Zcash, and will limit the use of anonymization tools like cryptocurrency mixers.
According to AMLR, CASP must perform customer due diligence on all transactions, including transfers from self-custody wallets. The regulation also prohibits the provision of anonymous accounts and requires assessments of high-risk privacy wallets and mixing services, with related reports expected to be completed three years after the regulation takes effect, by 2030.
