US EditionEuropean 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 July 1, 2027, across all member states.
- This ban follows the new Anti-Money Laundering Regulation aiming to enhance financial transparency and prevent misuse of digital assets for money laundering and terrorism financing.
- The regulation prohibits financial institutions and crypto-asset service providers from maintaining anonymous accounts and mandates customer due diligence for transactions above €1,000.
- From mid-2027 onwards, the Anti-Money Laundering Authority will oversee forty key entities chosen for their substantial client numbers or transaction volumes, imposing stricter compliance obligations on these providers.
- These measures mark a major shift toward stricter EU crypto oversight, potentially limiting privacy-focused innovation while improving market safety and integration with traditional finance.
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.30 Articles
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EU to ban anonymous crypto accounts and privacy coins by 2027
by Zoltan Vardai, Coin Telegraph: Europe will ban anonymous crypto accounts and privacy coins starting in 2027 under sweeping new AML regulations targeting service providers and token anonymity. 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 […]
EU law banning anonymous digital asset wallets by 2027, 'final'
EUCI has published an AML Handbook to help firms comply with the EU's new AML rules, which will ban privacy coins and anonymous digital asset accounts. The post EU law banning anonymous digital asset wallets by 2027, ‘final’ appeared first on CoinGeek.
EU’s crypto crackdown: 40 firms to face scrutiny by 2027 – Details
The EU plans to ban anonymous cryptocurrencies and unidentified crypto accounts under the 2027 AMLR enforcement. CASPs, not miners or validators, must report crypto market abuse under MiCA regulations. Europe is tightening its grip on crypto anonymity with the European Union’s newly approved Anti-Money Laundering Regulation (AMLR), which takes effect in 2027. This sweeping regulation would launch a full-scale crackdown on privacy-focused digital…
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