#EUPrivacyCoinBan

EU to Ban Privacy Coins & Anonymous Crypto Accounts by 2027

The European Union will enforce a ban on privacy coins like Monero ( $XMR ) and Zcash ( $ZEC ), along with anonymous crypto accounts, starting in 2027, under new Anti-Money Laundering Regulations (AMLR).

According to Article 79, crypto-asset service providers (CASPs), banks, and other financial institutions will be prohibited from maintaining anonymous accounts or handling anonymity-enhancing tokens.

The AMLR is part of a broader AML package that targets anonymity in banking, payments, and crypto, including services that allow transaction anonymization.

Vyara Savova, senior policy lead at EUCI, notes that while the rules are final, implementation details are being fine-tuned through upcoming delegated and implementing acts by the European Banking Authority.

Bottom line: CASPs and centralized crypto projects in the EU must now prepare to comply with stricter transparency rules.

#CryptoRegulation #PrivacyCoins #XMR #ZEC #EUAML #BinanceSquareTalks