EU Declares War on Crypto Privacy: 2027 Ban Targets Anonymous Wallets and Privacy Coins
Brace for impact—European regulators just fired a torpedo at financial anonymity. Starting 2027, the bloc will outlaw untraceable crypto transactions, killing privacy coins and anonymous accounts in one sweeping blow.
Behind the curtain: Brussels frames this as an anti-money laundering measure. Critics call it surveillance creep wrapped in bureaucratic jargon. Either way, mixers and privacy protocols like Monero just got a two-year expiration date in the EU.
Bonus irony: The same governments bailing out banks every decade now demand ’transparency’ from decentralized systems that actually work. How very... selective of them.
Strategy Adds Nearly $200M in Bitcoin as Institutional Confidence Holds Strong
Crypto firms operating across multiple EU nations will face heightened scrutiny. A new supervisory body, AMLA, will begin monitoring the largest players—those serving tens of thousands of customers or moving over €50 million in transactions.
Initial oversight will target 40 major firms, with mandatory identity checks on crypto transfers above €1,000.
Although the regulatory push has drawn criticism from privacy advocates, EU policymakers argue it’s a necessary step toward cleaning up the crypto space and preventing misuse.
