Anonymous crypto accounts will be banned across Europe starting July 1, 2027, under AMLR law.

The European Union has passed a powerful new law, the Anti-Money Laundering Regulation (AMLR), which will change how crypto works in Europe starting July 1, 2027.

Anonymous crypto accounts will be banned across Europe starting July 1, 2027, as part of the EU's new anti-money laundering law.

The European Union has introduced significant changes to cryptocurrency regulations with the new Anti-Money Laundering Regulation (AMLR), set to come into force on July 1, 2027. The aim is to curb financial crime by increasing transparency in crypto transactions.

The regulation will ban anonymous crypto accounts and wallets, and any transaction over €1,000 will require full identity verification.

No More Anonymous Crypto or Privacy Coins

The days of anonymous crypto accounts are nearing an end, as the European Union takes a firm step toward tighter oversight. This major change is part of the EU’s new Anti-Money Laundering Regulation (AMLR), which aims to stop illegal activity by making all crypto transactions traceable.

In addition to banning anonymous accounts, the regulation includes a direct ban on tokens that enhance privacy and obscure transactions. Meanwhile, any crypto transaction over €1,000 will now require full ID verification.

If you’re a crypto user living in the EU or planning to use European crypto platforms, it’s crucial to understand these changes.

No matter what platform you use, bank, app, or crypto exchange, you’ll need to complete full KYC (Know Your Customer) checks to use their services.

List of Coins Which Are Banned

The EU’s new rules will make it illegal for crypto platforms to list or support privacy coins. This includes popular tokens like Monero (XMR), Zcash (ZEC), and Dash (DASH) — all known for their privacy-enhancing features, which aim to shield user transactions from public view.

If you currently hold any of these coins, you’ll need to plan and explore your options before the ban takes place in July 2027.

Meet AMLA – The New Crypto Watchdog

To ensure compliance with these regulations, the EU is establishing a new authority called AMLA (Anti-Money Laundering Authority). Commencing in 2027, AMLA will directly supervise major crypto platforms operating in at least six EU countries.

This selection will focus on approximately 40 large players, with the criteria including companies handling over €50 million in transactions or serving more than 20,000 customers in a single country.