EU Tightens Anti-Money Laundering Rules for Cryptocurrencies by 2027

The European Union (EU) is taking a proactive stance against money laundering in the cryptocurrency sector, implementing comprehensive anti-money laundering (AML) regulations. Starting in 2027, the new rules will prohibit anonymous crypto accounts and privacy-preserving tokens under the Anti-Money Laundering Regulation (AMLR). These regulations apply to financial institutions, crypto asset service providers (CASPs), and credit institutions.