#EUPrivacyCoinBan The upcoming EU privacy coin ban is part of the updated Anti-Money Laundering Regulation (AMLR), which will take effect 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 allow transaction anonymization.

Key points:

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

Threshold: CASPs with ≥ 20,000 clients in a single member state or ≥ €50 million annual crypto volume face direct scrutiny 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.