In 2025, the European Union decided to finally dispel the myth of complete anonymity of cryptocurrencies. Under the pretext of combating money laundering and financing terrorism, the EU adopted new rules that effectively ban the use of anonymous cryptocurrencies and wallets.
According to new rules that will come into effect in 2027, financial institutions and cryptocurrency services will be prohibited from working with anonymous cryptocurrencies such as Monero (XMR) and Zcash (ZEC). The use of anonymous cryptocurrency wallets will also be banned. These measures are part of a broader EU strategy to tighten regulation of the cryptocurrency market and prevent illegal financial activities.
These measures aim to increase the transparency of cryptocurrency transactions and prevent their use for illegal purposes. However, critics argue that such restrictions may violate the right to financial privacy and make it more difficult for law-abiding users to access cryptocurrencies.
Although cryptocurrencies were originally conceived as anonymous and decentralized, in reality, full anonymity in the digital world is becoming increasingly unattainable. With the strengthening of regulation and the implementation of transaction tracking technologies, users must be prepared for their financial activities to be under close scrutiny.
Thus, the myth of complete anonymity of cryptocurrencies is gradually being dispelled under the pressure of regulators and technological realities.
