#DigitalAssetBill The European Union is set to introduce a sweeping set of anti-money laundering (AML) rules targeting the cryptocurrency sector, with enforcement expected to begin in 2027. Under the new Anti-Money Laundering Regulation (AMLR), privacy-focused cryptocurrencies and anonymous crypto accounts will be effectively banned across the bloc.

According to the European Crypto Initiative (EUCI), the upcoming regulations will prevent banks, financial institutions, and crypto asset service providers (CASPs) from