EU to Impose €10K Cash Limit and Ban Anonymous Crypto Accounts Under New AML Rules
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In July 2027 the EU will roll out a new Anti-Money Laundering Regulation that bans anonymous crypto accounts, is likely to delist privacy coins such as Monero and Zcash from regulated platforms, and caps cash payments at €10,000. CASPs including CEXs and custodial platforms must adopt stronger KYC/AML with enhanced verification for transactions over €1,000, a compliance-heavy measure that may hinder privacy-focused token listings, affect DeFi and DEX dynamics, and slow adoption and token launches.
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As of July 2027, the European Union is ready to introduce comprehensive anti-money laundering (AML) legislation that will dramatically change the landscape of cryptocurrency. The new Anti-Money Laundering Regulation (AMLR) will ban anonymous crypto accounts and privacy-centric cryptocurrencies from being listed on regulated platforms across the bloc and prohibit cash payments above €10,000.
The rules urge crypto-asset service providers (CASPs), including exchanges and custodial platforms, to implement more stringent customer identification processes. Under the new regulations, transactions of more than €1,000 will be subject to enhanced verification requirements, bringing crypto compliance rules more in line with traditional financial institutions.
Privacy coins like Monero and Zcash are expected to be delisted from regulated EU trading platforms under the new framewor…
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