#EUPrivacyCoinBan The European Union plans to ban privacy coins and anonymous cryptocurrency wallets by July 1, 2027 .
This is part of the newly adopted Anti-Money Laundering Regulation (AMLR) , aimed at increasing transparency and combating financial crime.
The ban will affect cryptocurrencies designed to obscure transaction details, like Monero and Zcash , as well as anonymous accounts and unverified crypto transfers .
It’s part of new Anti-Money Laundering Regulations (AMLR), coming into force by 2027.
These rules will:
↳ Ban crypto businesses from handling privacy tokens
↳ Target anonymous accounts and self-custody addresses
↳ No room for anonymity
The EU plans to:
↳ Select up to 40 high-risk crypto providers across 6+ countries
↳ Use thresholds like 20,000 customers or €50M in transactions for AML oversight
Despite this privacy coins are pumping.
Monero recently spiked 50% after hackers reportedly converted $330M in stolen BTC to XMR, causing a brief surge to $317 before correcting .
