#EUPrivacyCoinBan In May 2025 the EU adopted a sweeping Anti-Money Laundering Regulation (AMLR) to strengthen crypto oversight. Key provisions (effective July 2027) include banning anonymous crypto wallets and privacy coins (e.g. Monero, Zcash, Dash). All crypto transactions over €1,000 will require identity verification (KYC). A new EU anti-money laundering authority (AMLA) will directly supervise major crypto platforms, overseeing about 40 large firms across member states.

Ban on anonymous wallets & privacy coins

KYC checks for transactions > €1,000

AMLA oversight of ~40 major crypto firms

Taken together with the EU’s Markets in Crypto-Assets (MiCA) rules, these changes move crypto closer to traditional banking standards. They have sparked a broader debate: will tighter oversight protect users and fight crime, or limit financial privacy? Critics warn the ban could stifle innovation and undermine privacy, while supporters say it’s essential to curb illicit finance. Should governments have the power to restrict private digital transactions, or is this a necessary step to protect users and combat crime?