EU Sets Deadline to Ban Anonymous Crypto in 2027

The European Union has mandated a ban on anonymous cryptocurrencies by July 2027, as part of efforts to combat money laundering. This regulation aims to significantly reduce the anonymity afforded by privacy-focused coins like Monero, Zcash, and Dash. Financial institutions in the EU will be required to implement stricter measures, including identity verification for transactions exceeding €1,000 and prohibition on anonymous accounts.