#EUPrivacyCoinBan

Under the new Anti‑Money Laundering Regulation (AMLR), the EU will outlaw anonymous crypto accounts and privacy‑focused tokens—like Monero (XMR), Zcash (ZEC) and Dash—starting July 1, 2027.

• Who’s Affected:

Crypto Asset Service Providers (CASPs), banks, and financial institutions must no longer service or list privacy coins or maintain anonymous wallets.

Transactions over €1,000 will require full identity verification, aligning crypto with traditional banking standards.

• Enforcement & Oversight:

A new Anti‑Money Laundering Authority (AMLA) will directly supervise up to 40 major CASPs across at least six member states, using thresholds of ≥20,000 users or ≥€50 million in annual transactions.

• Why It Matters:

Money‑laundering fight: Aims to close loopholes exploited by illicit actors.

Privacy vs. compliance: Risks stifling legitimate use‑cases (journalists, activists) and pushing innovation offshore.

Global ripple: Other jurisdictions may follow Europe’s lead—or position themselves as privacy‑friendly alternatives.

As the EU tightens its AML guardrails, providers must build robust KYC/AML systems—and users should weigh the trade‑off between privacy and regulatory compliance.