EU to Ban Privacy Coins and Anonymous Crypto Accounts Starting 2027 as AML Rules Tighten
The European Union is set to outlaw anonymous crypto accounts and privacy-focused tokens like Monero ($XMR) and Zcash (ZEC) by 2027, as part of a sweeping crackdown on illicit finance under its new Anti-Money Laundering Regulation (AMLR).
Announced as a cornerstone of the EU’s broader anti-money laundering overhaul, the AMLR will directly target financial institutions, credit entities, and crypto asset service providers (CASPs), banning the use and custody of any assets or accounts that obscure user identity or transaction data.
