EU to Ban Anonymous Cryptocurrencies and Privacy Coins by 2027
The European Union will ban anonymous crypto accounts and privacy-enhancing cryptocurrencies like Monero and Zcash by 2027. The decision is part of the EU's new Anti-Money Laundering Regulation (AMLR), which explicitly prohibits credit institutions, financial institutions, and crypto-asset service providers (CASPs) from maintaining anonymous accounts and handling privacy-enhancing