Key facts
- The EU's new AML regulation takes effect in July 2027.
- Cash payments will be capped at €10,000.
- Anonymous cryptocurrency accounts will be banned.
- Regulated providers must delist privacy coins.
The European Union is set to introduce comprehensive anti-money laundering (AML) regulations that will significantly impact financial transactions and cryptocurrency usage. Effective from July 2027, the new framework establishes a €10,000 cap on cash payments. Furthermore, the regulations will prohibit the use of anonymous cryptocurrency accounts, aiming to enhance transparency and prevent illicit activities. In a move targeting privacy-focused digital assets, regulated providers will be mandated to delist privacy coins from their platforms.