#EUPrivacyCoinBan

The European Union plans to introduce comprehensive regulations regarding anti-money laundering (AML), which will prohibit privacy-protecting tokens and anonymous cryptocurrency accounts starting in 2027.

Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions, and crypto-asset service providers (CASP) will not be allowed to maintain anonymous accounts or handle privacy-protecting cryptocurrencies such as Monero and Zcash.

"Article 79 AMLR establishes strict prohibitions on anonymous accounts [...]. Credit institutions, financial institutions, and crypto-asset service providers are prohibited from maintaining anonymous accounts," according to the AML Handbook published by the European Crypto Initiative (EUCI).