. Metal currencies for privacy and unknown coding portfolios may become their history in the European Union. As part of a comprehensive reform to tighten the anti -money laundering rules, the European Union has announced plans to ban on July 1, 2027. The message is clear: encryption can survive, but it must play with the same rules as the rest of the financial system. Organizers explain that the European Union metal currencies will not be tolerated under the updated AML framework.
The new rules under the updated Bloc to combat money laundering, or AMLR, are already a conversation on privacy, monitoring and the future of decentralized financing.
What is already covered by the ban
The proposal is not just a slap on the wrist. You will completely prohibit anonymous encryption accounts across the European Union. This means that providing encryption services, exchanges and even financial institutions will be banned from providing services that do not collect customer identity.
The European Union will prohibit anonymous encryption accounts and privacy currencies by 2027. pic.twitter..h1qd3rrsb0
Mr. Man (mrmanxrp) May 2, 2025
If you are a fan of encrypted currencies that focus on privacy such as Monero (XMR), ZCash (ZEC) or Dash, prepare for reality examination. The European Union specifically targets these metal currencies, saying it makes it very easy to hide transactions and transfer unreasonable money.
The list also imposes more strict controls on encryption transfers. If the transaction is more than 1000 euros, you will need to check the identity of the sender and the future. This tries the encryption rules much closer in line with traditional banking services.
The privacy currency of the European Union ban: Who will monitor?
To ensure that the new rules are not just words on paper, the European Union prepares a new agency called the Money Laundering Authority, or AMLA. This body will directly supervise up to 40 encryption asset service providers across at least six countries from the European Union. These companies must have either more than 20,000 users or deal with more than 50 million euros in annual transactions to be on the AMLA radar.
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The goal here is to prevent regulatory patching between member states and the suspension of shaded actors from the limits of movement to find the weakest control.
Why do it matter
Many have criticized this step. Critics argue that banning privacy currencies and unknown portfolios is a heavy approach. It can suffocate innovation and undermine personal privacy. They say these tools are not only for criminals. It is used by activists, journalists and ordinary people to protect financial privacy in an increasing digital world.
On the other hand, the organizers believe this is a necessary step to prevent it from being encrypted from being a dream of money laundering. With the global pressure to rid the encryption with financial regulations, the European Union places itself as a leader in implementation.
What does this mean for the future of privacy currencies in the United Kingdom
The European Union’s 2027 deadline will force some serious changes in how to make encryption within its borders. Service providers will need to build strong systems known and rethink how they deal with privacy tools. It was not yet clear whether the other regions would follow their example, but there is one clear thing: Europe brings free days of unknown encryption to its end.
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Main meals
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The European Union will prohibit the coins of privacy and the unknown coding portfolios that start on July 1, 2027, under its updated organization to combat money laundering (AMLR).
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Exchanges and financial institutions will be banned from providing services that do not include customer identity, which directly affects coins such as Monero, ZCash and Dash.
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The AML rules also state that the identity to transfer the encryption is more than 1000 euros, aligned with encryption transactions with traditional banking standards.
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A new European Union agency, the Money Laundering Authority (AMLA), will supervise major encryption companies operating in the mass, targeting 20,000+ users or 50 m euros+ in annual size.
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Critics warn that the embargo may suffocate innovation and violation of financial privacy, while the organizers argue that it is vital to combating illegal financing in the encryption space.
Post -privacy currencies face the ban on the European Union under the new AML rules that begin in 2027, first appeared on 99bitcoins.