#EUPrivacyCoinBan In an effort to stop money laundering (AML). The European Union in its Article 79 of the AMLR, which comes into effect in 2027, establishes strict prohibitions on Anonymous accounts. This anti-money laundering regulation (AMLR) would prohibit credit entities, financial institutions, and crypto asset service providers (CASP) from maintaining Anonymous accounts or handling cryptocurrencies that preserve privacy.