#EUPrivacyCoinBan Changes Are Coming

The European Union is tightening its grip on privacy-focused cryptocurrencies. Starting July 1, 2027, new regulations will require full KYC (Know Your Customer) for any crypto transaction over €1,000. That means coins like Monero (XMR), Zcash (ZEC), Dash (DASH), and others designed for anonymity will face significant restrictions across the EU.

What’s changing?

Privacy coins will effectively be banned from regulated platforms, and any large crypto transfer will need identity verification — think government ID, photo, and maybe even a signed birthday card from your grandma.

While these new rules aim to increase transparency and reduce illicit activity, they also signal the end of an era for anonymous crypto use in the EU.

At Binance, we’re committed to staying compliant while supporting innovation in the digital asset space. We’ll share more information as the implementation date approaches.

For now, enjoy the privacy while it lasts — the microscope is on its way.