No anonymous crypto: EU’s new AML laws to cap larg
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No anonymous crypto: EU’s new AML laws to cap large transfers, ban privacy coins
The European Union (E.U) zone is set for tougher crypto regulation in 2027 as a new anti-money laundering (AML) policy goes live. The AML law, first issued in 2024, will officially go into effect from July 2027.
It will cap payment transfers at €10,000 and ban privacy coins like Zcash.
Additionally, there will be increased crypto identity checks via mandatory KYC (know your customers). In other words, no anonymous crypto accounts in a bid to curb illicit capital flows that aid terrorism financing.
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