EU to ban anonymous crypto accounts and privacy coins by 2027
By: bitcoin ethereum news|2025/05/03 12:00:06
0
Share
The European Union is set to impose sweeping Anti-Money Laundering (AML) rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027. Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies, such as Monero (XMR) and Zcash (ZEC). “Article 79 of the AMLR establishes strict prohibitions on anonymous accounts [...]. Credit institutions, financial institutions, and crypto-asset service providers are prohibited from maintaining anonymous accounts,” according to the AML Handbook, published by European Crypto Initiative (EUCI). The regulation is part of a broader AML framework that includes bank and payment accounts, passbooks and safe-deposit boxes, “crypto-asset accounts allowing anonymisation of transactions,” and “accounts using anonymity-enhancing coins.” Related: Eric Trump: USD1 will be used for $2B MGX investment in Binance “The regulations (the AMLR, AMLD and AMLAR) are final, and what remains is the ‘fine print’ — aka the interpretation of some of the requirements through the so-called implementing and delegated acts,” according to Vyara Savova, senior policy lead at the EUCI. She added that much of the implementation will come through so-called implementing and delegated acts, which are mostly handled by the European Banking Authority: “This means that the EUCI is still actively working on these level two acts by providing feedback to the public consultations, as some of the implementation details are yet to be finalized.” “However, the broader framework is final, so centralized crypto projects (CASPs under MiCA) need to keep it in mind when determining their internal processes and policies,” Savova said. Related: Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028 EU to increase oversight of crypto service providers Under the new regulatory framework, CASPs operating in at least six member states will be under direct AML supervision. In the initial stage, AMLA plans to select 40 entities, with at least one entity per member state, according to EUCI’s AML Handbook. The selection process is set to start on July 1, 2027. AMLA will use “materiality thresholds” to ensure that only firms with “substantial operations presence in multiple jurisdictions are considered for direct supervision.” The thresholds include a “minimum of 20,000 customers residing in the host member state,” or a total transaction volume of over 50 million euros ($56 million). Other notable measures include mandatory customer due diligence on transactions above 1,000 euros ($1,100). These updates come as the EU ramps up its regulatory oversight of the crypto industry, building on previous measures such as the Markets in Crypto-Assets Regulation (MiCA). Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26 Source: https://cointelegraph.com/news/eu-crypto-ban-anonymous-privacy-tokens-2027?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
You may also like

YZi Labs invests tens of millions of dollars, CZ serves as an advisor, Genius still lacks followers
Many users' core motivation is to quickly monetize rewards, while the long-term holders envisioned by the project team cannot be cultivated solely through point incentives.

The Robinhood Paradox: From Anti-Wall Street to Catering to the Wealthy
The App, once focused on retail trading, is now shifting towards elitism.

Farewell to the Era of Founders, Neo Ushers in True Rebirth
After the protocol scales, who calls the shots?

A four-page internal memo, what is OpenAI up to?
OpenAI and Anthropic, What Are the Differences?

Besides CZ's new book, what other biographies of cryptocurrency industry figures are worth reading?
A Decade of Crypto Turbulence: Half technological utopia, half Wild West desire.

AI multi-agent applications will boost the rise of blockchain payments
The outbreak of AI multi-agent systems has ignited the essential demand for "machine payments," with blockchain becoming the foundational settlement cornerstone of the agent economy, potentially becoming a key watershed in the future AI competition among major powers.

2026 Crypto Taxes: Don't Miss These Staking & DeFi Reporting Rules
Stay compliant in 2026. Learn how to report crypto staking rewards, DeFi incentives, and airdrops. Follow our easy WEEX + KoinX workflow to generate accurate tax reports in minutes.
Crypto Tax Deadline 2026: How to Generate 2026 Crypto Tax Reports (WEEX & KoinX Fast Tutorial)
Still filing crypto taxes close to the 2026 deadline? Follow this step-by-step WEEX Tax API + KoinX workflow to export data and generate an accurate crypto tax report quickly.

Hyperliquid Ten Thousand Character Feature: Jeffrey's Billion Dollar Gold Mining Story
11 employees, who have never written a single PPT, do not use AI to write core code, and do not take a penny of venture capital, yet created a profit of 900 million dollars within a year and airdropped hundreds of billions in wealth to users. This is a story about how he built the blockchain and cry...

SaaS Churn | Rewire Daily News
error

There may not be a rate cut this year
Rate cut requires low inflation, low inflation requires low oil price, low oil price requires US-Iran negotiation reached

CoinGecko Spot Report: Overview of 12 Major CEX Spot Markets, Only 32% of New Tokens Outperforming IEO Price
Funds are flowing from institutional platforms like Coinbase to retail-driven exchanges like Bitget, MEXC, and others.

Even with Gunfire Behind Bars, Why Do American Small Towns Oppose AI Data Centers?
The bottleneck of AI production capacity surfaced for the first time at the negotiation table with 13.2K votes cast for removal.

The Sky is the Limit: Wearing Only One Outfit, Cutting My Own Hair, and Giving Billions to Strangers — The Story Behind Hyperliquid
Over the course of two years, Jeff's partner had no idea what he was up to

Atlético Madrid vs FC Barcelona: 90 Minutes to Destroy a Dream or Write History
Atlético Madrid vs FC Barcelona Champions League second leg is do-or-die. Full Atlético Madrid vs FC Barcelona lineups, stats, timeline — plus who chokes and who conquers.

Chinese-funded institutions retreat from Hong Kong stablecoins
The first batch of stablecoin licenses in Hong Kong has officially been issued: HSBC and Standard Chartered-affiliated institutions secured the only two seats, while Chinese institutions were collectively absent due to mainland regulatory influence.

Morning Report | Strategy invested $1 billion to increase its Bitcoin holdings last week; Aave passed a $25 million grant proposal; Coinone was shut down and fined for violating anti-money laundering obligations
Overview of Important Market Events on April 13

Found a "meme coin" that skyrocketed in just a few days. Any tips?
In the Chinese community, there has gradually emerged a full-fledged "Crypto Occultism."
YZi Labs invests tens of millions of dollars, CZ serves as an advisor, Genius still lacks followers
Many users' core motivation is to quickly monetize rewards, while the long-term holders envisioned by the project team cannot be cultivated solely through point incentives.
The Robinhood Paradox: From Anti-Wall Street to Catering to the Wealthy
The App, once focused on retail trading, is now shifting towards elitism.
Farewell to the Era of Founders, Neo Ushers in True Rebirth
After the protocol scales, who calls the shots?
A four-page internal memo, what is OpenAI up to?
OpenAI and Anthropic, What Are the Differences?
Besides CZ's new book, what other biographies of cryptocurrency industry figures are worth reading?
A Decade of Crypto Turbulence: Half technological utopia, half Wild West desire.
AI multi-agent applications will boost the rise of blockchain payments
The outbreak of AI multi-agent systems has ignited the essential demand for "machine payments," with blockchain becoming the foundational settlement cornerstone of the agent economy, potentially becoming a key watershed in the future AI competition among major powers.
