#EUPrivacyCoinBan Privacy Coins Face EU Ban Under New AML Rules Starting 2027

Privacy coins and anonymous crypto wallets might soon become history in the European Union. As part of a sweeping overhaul to tighten anti-money laundering rules, the EU has announced plans to ban both by July 1, 2027. The message is clear: crypto can stay, but it has to play by the same rules as the rest of the financial system. Regulators make it clear that privacy coins in the EU will not be tolerated under the updated AML framework.

The new rules fall under the bloc’s updated Anti-Money Laundering Regulation, or AMLR, and they’re already shaking up conversations around privacy, surveillance, and the future of decentralized finance.

What the Ban Actually Covers

The proposal isn’t just a slap on the wrist. It would completely outlaw anonymous crypto accounts across the EU. That means crypto service providers, exchanges, and even financial institutions would be banned from offering services that don’t collect customer identification.

If you are a fan of privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), or Dash, prepare for a reality check. The EU is targeting these coins specifically, saying they make it too easy to hide transactions and move illicit money undetected.

The regulation also imposes tighter controls on crypto transfers. If the transaction is over 1,000 euros, the identity of the sender and receiver will need to be verified. That brings crypto rules much closer in line with traditional banking.