The European Union (EU) is set to ban anonymous crypto accounts and privacy coins starting in 2027, as part of new Anti-Money Laundering (AML) regulations. This includes prohibiting financial institutions, credit entities, and crypto asset service providers (CASPs) from managing anonymous accounts or supporting privacy-focused cryptocurrencies like Monero and Zcash. The aim is to increase transparency in digital transactions to combat financial crimes. The Anti-Money Laundering Authority (AMLA) will directly supervise entities operating across at least six EU member states to ensure compliance.

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