Privacy coins and anonymous cryptocurrency wallets may soon become a thing of the past in the European Union. As part of a comprehensive reform to tighten anti-money laundering rules, the EU has announced plans to ban both by July 1, 2027. The message is clear: cryptocurrencies can stay, but they must adhere to the same rules as the financial system. Regulators confirm that privacy coins will not be accepted in the EU under the updated anti-money laundering framework.