Starting from July 1, 2027, the European Union will introduce strict regulations regarding cryptocurrencies under the new Anti-Money Laundering Directive (AMLR). According to these rules, private cryptocurrencies such as Monero, Zcash, and Dash will be banned due to their ability to ensure transaction anonymity. Regulators argue that these coins facilitate illegal activities, including money laundering. In addition, anonymous crypto wallets will also be banned, and mandatory identity verification (KYC) will be required for transactions exceeding 1000 euros.
The new rules will compel cryptocurrency exchanges and financial institutions to cease support for private coins and ensure complete transparency of operations. A new body has been created to oversee large crypto companies — the Anti-Money Laundering Agency (AMLA). Critics believe that such measures may limit financial privacy and stifle innovation in the blockchain industry. At the same time, despite the ban, prices for Monero and Zcash have recently risen, indicating a sustained interest in private cryptocurrencies.
These changes will radically alter the cryptocurrency markets in Europe, forcing users to adapt to new realities.
