#EUPrivacyCoinBan The upcoming EU ban on privacy coins is part of the updated Anti-Money Laundering Regulation (AMLR), effective from July 1, 2027. Under Article 79, all "privacy tokens" (e.g., Monero, Zcash, Dash) and anonymous crypto accounts will be prohibited in member states. Service providers—banks, exchanges, and crypto asset service providers (CASP)—must cease offering or managing accounts or tokens that enable transaction anonymization.

Key points:

Scope: The ban covers privacy coins and wallets/accounts that lack complete Know-Your-Customer (KYC) identification.

Threshold: CASPs with ≥ 20,000 clients in one member state or ≥ €50 million annual crypto volume face direct oversight by the EU Anti-Money Laundering Authority (AMLA).

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

Implications: Trading of privacy coins on EU platforms will be delisted or blocked, potentially pushing activity to unregulated or non-EU jurisdictions. Critics warn this could stifle innovation and drive users towards decentralized or offshore services. Proponents argue that it is essential for preventing illegal finance and enhancing transparency in the European digital asset market.

Ultimately, the EU deadline in 2027 marks a significant shift: crypto assets must now "comply with the same AML rules" as banks, ending the era of on-chain anonymity in its jurisdiction.