The European Union is set to implement strict anti-money laundering (AML) regulations by 2027 that will ban anonymous crypto accounts and privacy coins like Monero (XMR) and Zcash (ZEC). These rules, part of the new Anti-Money Laundering Regulation (AMLR), will apply to banks, financial institutions, and crypto asset service providers (CASPs). They will no longer be allowed to:
Maintain anonymous crypto accounts
Handle privacy-preserving tokens
Support tools that anonymize transactions
The legislation targets all accounts and crypto services that enhance user anonymity, aiming to increase transparency and combat financial crime across the EU.
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