#EUPrivacyCoinBan

The European Union (EU) is preparing to introduce one of the most important rules in the history of cryptocurrencies: until 2027, anonymous crypto-currencies and so-called confidential coins such as Monero and Monero will be protected. Zcash.

The decision is part of a broader package of anti-money laundering (AML) initiatives aimed at enhancing financial transparency and combating the illegal misappropriation of digital assets.

According to information from the Anti-Money Laundering Guide, published by the European Crypto Initiative (EUCI), the new Anti-Money Laundering Regulation (AMLR) will protect credit institutions. Financial institutions and crypto asset service providers (CASPs) should maintain anonymous cloud records or handle cryptocurrencies in order to implement anonymization mechanisms.

From 1 July 2027, the Anti-Money Laundering Authority (AMLA) will select 40 entities to be supervised, ensuring at least one for each Member State.

The selection will be based on relevance thresholds such as:

– Minimum of 20,000 resident clients in the host Member State.

– Total transaction volume exceeding €50 million.

These criteria aim to ensure that only companies with a significant operational presence in multiple jurisdictions are subject to direct supervision.