#EUPrivacyCoinBan The European Union plans to introduce comprehensive regulations regarding anti-money laundering (AML), which will prohibit privacy-protecting tokens and anonymous cryptocurrency accounts from 2027.

According to the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions, and crypto-asset service providers (CASP) will not be allowed to maintain anonymous accounts or handle privacy-protecting cryptocurrencies such as Monero and Zcash.

"Article 79 AMLR establishes strict prohibitions regarding anonymous accounts [...]. Credit institutions, financial institutions, and crypto asset service providers are prohibited from maintaining anonymous accounts," according to the AML Handbook published by the European Crypto Initiative (EUCI) ... another step towards the public disclosure of our resources ...