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European Union To Ban Anonymous Crypto & Privacy Tokens By 2027

  • The European Union will ban anonymous crypto accounts and privacy coins like Monero and Zcash by 2027 across all member states.
  • This ban arises from new Anti-Money Laundering Regulation Article 79, part of broader AML measures to combat money laundering and terrorism financing.
  • The AMLR prohibits financial institutions and crypto-asset service providers from maintaining anonymous accounts or servicing tokens enabling transaction anonymization.
  • As of mid-2027, the Anti-Money Laundering Authority will oversee selected entities meeting criteria such as having at least 20,000 clients or generating €50 million in turnover, and will require due diligence procedures for all transactions exceeding €1,000.
  • These rules mark a significant regulatory shift aiming to improve financial transparency but raise concerns about privacy, innovation, and market fragmentation in the EU crypto sector.
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Cointelegraph broke the news in on Friday, May 2, 2025.
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