#EUPrivacyCoinBan Starting from 2027, new anti-money laundering (AML) laws will come into effect in the European Union, prohibiting anonymous cryptocurrency wallets and the use of privacy coins such as Monero and Zcash.

These rules will affect exchanges, banks, and other financial service providers. As stated in Article 79 of the new Anti-Money Laundering Regulation (AMLR), published by the European Crypto Initiative (EUCI), service providers will be prohibited from managing anonymous accounts or dealing with assets that conceal information.

The reform also applies to bank accounts, safes, and cryptocurrency assets with features that enable anonymization. Crypto platforms operating in six or more EU countries will be subject to direct oversight by the newly created Anti-Money Laundering Authority (AMLA).

The criteria for inclusion in the list of regulated entities include:

at least 20,000 clients in one country;

annual revenue exceeding 50 million euros.

Mandatory user verification will also be implemented for transactions exceeding 1,000 euros.