EU to Ban Privacy Coins Like XMR, Anonymous Crypto Accounts by 2027; France Bans Mixers, Self-Custody Allowed

EU to Ban Privacy Coins, Anonymous Crypto Accounts by 2027

The European Union (EU) is set to utilize its Anti-Money Laundering Regulations (AMLR) to ban privacy cryptocurrencies (privacy coins) and anonymous crypto

EU to Ban Privacy Coins Like XMR, Anonymous Crypto Accounts by 2027; France Bans Mixers, Self-Custody Allowed

The European Union has announced plans to ban privacy coins and anonymous cryptocurrency accounts by 2027. This regulatory move will prohibit exchanges from listing privacy-focused cryptocurrencies such as Monero (XMR) and Zcash (ZEC), effectively limiting the use of these coins within the EU. However, the EU will still allow self-custody of cryptocurrencies like Bitcoin, meaning individuals can legally hold their own assets on hardware wallets …

Europe will end the anonymity of cryptocurrency by 2027, confidential tokens and anonymous accounts will be banned in order to strengthen the fight against money launderingEurope is about to implement a comprehensive anti-money laundering regulation that will prohibit the use of privacy tokens and anonymous accounts in cryptocurrency from 2027. In addition to the ban on anonymous accounts and tokens that preserve life...

EU to Ban Monero and Privacy Coins by 2027 Under New Anti-Money Laundering Law - CryptoShrypto

A sweeping European Union regulation finalized in 2024 will effectively ban the use of privacy-focused cryptocurrencies like Monero (XMR) by crypto service providers starting July 10, 2027, according to the European Crypto Initiative (EUCI). The move is part of a broader crackdown under Regulation 2024/1624 aimed at curbing money laundering and terrorist financing within the financial system. The legislation, introduced by the European Parliamen…

The European Union (EU) plans to ban anonymous cryptocurrency accounts and so-called "anonymous cryptocurrencies" such as Monero and Zcash from 2027. The restrictions will be part of broader Anti-Money Laundering (AML) regulations that will affect banks, financial institutions and crypto service providers. Under the new rules, financial firms will be prohibited from creating or maintaining anonymous...