EU Implements Stricter Anti-Money Laundering Regulations on Crypto

According to PANews, the European Union has officially adopted the Anti-Money Laundering Regulation (AMLR), which will take effect on July 1, 2027. This regulation will prohibit all financial institutions from offering anonymous crypto accounts or wallets and will ban transactions involving privacy coins such as Monero, Zcash, and Dash. Additionally, the new rules mandate compulsory identity verification for crypto transactions exceeding 1,000 euros. A new regulatory body, the Anti-Money Laundering Authority (AMLA), will be established to directly oversee large crypto platforms.