From 2027, the European Union is introducing new, stricter anti -money laundering measures that include the ban on privacy protective tokens and anonymous crypto accounts.
This measure is part of the Anti-Money Laundering Regulation (AMLR), which obliges financial institutions, credit institutions and providers of crypto-assets (CASPs) not to keep anonymous accounts and not to process crypto currency such as Monero and Zcash.
Prohibition of anonymous crypto accounts and privacy protection tokens
Article 79 of the AMLR explicitly prohibits “credit institutions, financial institutions and providers of crypto-asset bills withheld anonymous accounts”. The AML manual, published by the European Crypto Initiative (EUCI), explains that the Regulation is part of a broader framework that also includes bank accounts, savings books and crypto accounts that make anonymity possible.
Stricter supervision of crypto owners and companies in the EU
Vyara Savova, senior policy leader at the EUCI, emphasizes that the regulations are final, but that implementation still depends on implementation and delegated actions. “The European Basal Authority will handle implementation,” said Savova. “We remain involved in the process by giving feedback during public consultations.”
From July 2027 the Anti-Money Laundering Authority (AMLA) will start selecting 40 companies for direct supervision. This is done on the basis of ‘materiality thresholds’, where only companies with substantial activities in multiple EU member states fall under supervision. This concerns companies with at least 20,000 customers or a transaction volume of more than € 50 million.
Mandatory customer surveys for larger transactions
The new rules also contain mandatory customer surveys for transactions of more than € 1,000. This measure is one of the steps to combat money laundering practices within the crypto sector, and is on top of previous measures such as the Markets in Crypto-Assets Regulation (MICA).
The EU has warned the crypto industry to prepare for this new legislation, since companies with cross -border activities have to adapt to the new rules.
Source: https://newsbit.nl/eu-voert-in-2027-strengere-antiwitwasregels-voor-de-cryptosector-in/
