These cryptocurrencies will be banned in Europe by 2027. Europe has made its decision: between innovation and regulation, the choice is made. For two years, regulators have been hunting for any loophole. Today, they are tightening the screws. Tomorrow, they will ban. The so-called 'anonymous' cryptocurrencies like Monero and Zcash are next on the blacklist. A warning shot? No. An action plan. The EU claims to have its reasons.
After having taken down non-compliant stablecoins with MiCA, like USDT, it is now the turn of shadow tokens. The message is clear: no asset will escape control. The AMLR, the new enforcement arm of Brussels, will come into effect in 2027. It will prohibit anonymous accounts, as well as any cryptocurrency that conceals transactions. In short: the end of digital camouflage. Why this offensive? To 'enhance transparency' and 'prevent illicit use'. These are the words from the official manual of the European Crypto Initiative. Behind noble intentions lies a fierce determination: to make Europe the strictest jurisdiction in the world.
In addition, there will be increased oversight of platforms. Any crypto company operating in at least six EU countries will have to be accountable. From €1,000, identity verification will be required. Private currency? Over.
However, these measures are not without impact. On one side, regulators rejoice. On the other, the markets cough. Monero declines, Zcash stumbles. Some are already talking about an exodus. Others are preparing a legal response. Between relentless regulation and the quest for privacy, Europe is setting a new frontier. #Cryptoinsight