The EU plans to implement AML regulations in 2027, which will prohibit Crypto Assets service providers from supporting cryptocurrencies with anonymous characteristics.

According to a report from Crowdfund Insider on May 2, Deep Tide TechFlow news states that the European Parliament and Council have reached a preliminary agreement on the Anti-Money Laundering Regulation (AMLR), which is planned to be fully implemented by 2027. The regulation will prohibit Crypto Assets service providers (CASP) from supporting cryptocurrencies with anonymous characteristics, such as Monero and Zcash, and will restrict the use of anonymization tools like crypto mixers. Although self-hosted wallets are not directly prohibited, their anonymous transaction features will be subjected to strict limitations.

According to the AMLR, CASPs must conduct customer due diligence on all transactions, including transfers from hosted wallets. Additionally, the regulations prohibit the provision of anonymous accounts and require an assessment of high-risk privacy wallets and mixing services. The relevant report is expected to be completed three years after the regulations come into effect, by 2030.