EU Bans Privacy Coins: Compliance Shifts Looming for Crypto Industry

The European Union is taking a significant step towards tighter regulations of cryptocurrency, implementing a ban on anonymity-enhancing crypto assets starting in 2027. The move comes under the EU’s Anti-Money Laundering Regulation (AMLR), specifically targeting privacy coins like Monero, Zcash, and Dash. Entities offering these features will face restrictions from financial institutions and crypto exchanges. 2027 marks a significant compliance deadline for these entities, with the European Banking Authority detailing implementation processes by July 1, 2027.