#EUPrivacyCoinBan The EU’s forthcoming Privacy‑Coin Ban is part of its revamped Anti‑Money Laundering Regulation (AMLR), effective July 1, 2027. Under Article 79, all “privacy‑preserving tokens” (e.g. Monero, Zcash, Dash) and anonymous crypto accounts will be prohibited within member states. Service providers—banks, exchanges, and crypto‑asset service providers (CASPs)—must cease offering or managing any account or token that enables transaction anonymization .

Key points:

Scope: Bans cover privacy coins and any wallet/account lacking full Know‑Your‑Customer (KYC) identification .

Thresholds: CASPs with ≥ 20,000 clients in a single state or ≥ €50 million annual crypto volume face direct supervision by the new EU Anti‑Money Laundering Authority (AMLA) .

Transaction monitoring: All crypto transfers above €1,000 require identity verification, aligning crypto flows with traditional finance standards .

Implications: Privacy‑coin trading on EU platforms will be delisted or blocked, potentially driving activity to unregulated venues or non‑EU jurisdictions. Critics warn this may stifle innovation and push users toward decentralised or offshore services .

Supporters argue it’s essential to deter illicit finance and enhance transparency across Europe’s digital‑asset markets .

Ultimately, the EU’s 2027 deadline marks a pivotal shift: crypto assets must now “play by the same AML rules” as banks, ending an era of on‑chain anonymity in its jurisdiction.