Strict New Crypto Regulations in the European Union: Privacy Coins, Anonymous Accounts Banned by 2027
------
Europe is adopting strict anti-money laundering standards that prohibit privacy coins and the operation of anonymous crypto accounts starting July 1, 2027. Crypto asset service providers (CASP) including exchanges and financial institutions must ensure they collect customer identification data (KYC) for all users or cease offering those services in the EU.
