Substantial changes to its regulations regarding cryptocurrencies by 2027, with a particular focus on privacy. Under the new Anti-Money Laundering Regulation (AMLR), anonymous crypto accounts and transactions involving privacy coins such as Monero (XMR) and Zcash (ZEC) will be banned. This means that financial institutions and Crypto Asset Service Providers (CASPs) will not be allowed to offer or maintain accounts that obscure user identities or deal with cryptocurrencies designed to enhance anonymity.