The European Union has officially adopted new regulations that will profoundly impact the crypto asset market. The Anti-Money Laundering Regulation (AMLR), introduced as part of the fight against money laundering, will have directly prohibitive effects on anonymous crypto wallets and privacy-focused cryptocurrencies.
European Union to Ban Some Coins
According to the new rules, starting in 2027:
🔹All crypto service providers across Europe will be prohibited from offering anonymous wallets to their users.
🔹The use and trading of privacy-focused cryptocurrencies such as Monero, Zcash, and Dash will be completely banned.
🔹All crypto transactions exceeding 1,000 euros will require identity verification.
🔹A new regulatory body, the Anti-Money Laundering Authority (AMLA), will be established to oversee large-scale platforms.
This move signals a significant tightening of crypto oversight in Europe. For projects that prioritize user privacy, new challenges lie ahead. The EU’s step is seen as a major milestone in the push for security and transparency within the crypto ecosystem.
