EU Could Ban Anonymous Crypto and Privacy Coins Under New AML Rules by 2027

By: coindoo|2025/05/03 00:30:02
0
Share
copy
Under the finalized Anti-Money Laundering Regulation (AMLR), financial institutions and crypto asset service providers (CASPs) will be prohibited from offering services tied to privacy-focused tokens such as Monero (XMR) and Zcash (ZEC), and from maintaining anonymous accounts of any kind.Outlined in Article 79 of the AMLR, the rules target various forms of anonymized financial services including passbooks, safe-deposit boxes, and any crypto accounts that enable transaction anonymization. The European Crypto Initiative (EUCI) clarified in its AML Handbook that these prohibitions will apply across all EU member states.Direct Supervision and Materiality ThresholdsStarting July 1, 2027, the newly established Anti-Money Laundering Authority (AMLA) will directly supervise selected CASPs operating across at least six EU member states. The selection will prioritize entities with significant operational footprints, such as those handling over €50 million in transactions or serving 20,000+ customers in a single jurisdiction. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bitcoin Price Poised for a Breakout, According to Important Indicator Mandatory KYC and Broader EnforcementIn line with the AMLR, all crypto transactions exceeding €1,000 ($1,100) will require mandatory customer due diligence (CDD) procedures. CASPs regulated under MiCA will need to review and possibly overhaul their internal compliance systems well ahead of the rollout, as implementation guidelines and delegated acts will follow through the European Banking Authority.This regulatory crackdown marks a significant escalation in the EU’s oversight of digital assets, expanding on previous frameworks like MiCA, and is likely to have a far-reaching impact on privacy-oriented crypto projects and decentralized platforms across the bloc.The post EU Could Ban Anonymous Crypto and Privacy Coins Under New AML Rules by 2027 appeared first on Coindoo.

You may also like

60 Essential Skills, Workflows, and Open Source Projects, the Ultimate Claude Advancement Checklist

Developers, content creators, product builders, and beginners can all use this

SpaceX to Raise $75 Billion | Rewire News Nightly

What additional valuation can the AI unicorn behind in line achieve, which is a bigger question than SpaceX itself

PUMP Valuation Breakdown: On-chain Data Disproves the "Fake Volume" Theory, Where Does the Real Discount Come From?

The project initially started as a niche experiment but quickly became one of the highest-grossing applications on public blockchains.

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

Popular coins

Latest Crypto News

Read more