The European Union announced a complete ban on anonymous encryption accounts and Privacy Coin transactions starting from 2027.

WuSaidBlockchainW · 2025-05-03T04:32:14+00:00

The EU has officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit all Financial Institutions from providing anonymous encryption accounts or Wallets with encryption service providers starting from July 1, 2027, and will completely ban transactions involving Privacy Coins (such as Monero, Zcash, Dash). The new rules also require mandatory identification for encryption transactions exceeding 1000 euros and establish a new regulatory body, AMLA, to directly oversee large encryption platforms. (Cointelegraph)

WuSaidBlockchainW

2025-05-03 04:32:14

The European Union has officially adopted the Anti-Money Laundering Regulation (AMLR), which will prohibit all financial institutions and crypto service providers from providing anonymous crypto accounts or wallets from July 1, 2027, and completely ban the trading of privacy coins (such as Monero, Zcash, Dash). The new rules also require mandatory identity verification for crypto transactions over €1,000 and establish a new regulator, the AMLA, to directly supervise large crypto platforms. （Cointelegraph）

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