Techub News, citing AMBCrypto, reported that the European Union’s new anti-money laundering law will officially take effect in July 2027. The rules set a €10,000 limit on cryptocurrency payment transfers and ban privacy coins such as Zcash. The law also requires mandatory KYC identity verification and prohibits anonymous crypto accounts as part of measures aimed at curbing illicit capital flows.
AML Rules Scheduled After MiCA
The AML law is scheduled to be implemented one year after the MiCA framework takes effect in July 2026. Based on the reported details, the EU is placing payment caps, privacy coin restrictions, KYC requirements, and a ban on anonymous crypto accounts within the same anti-money laundering framework.
On the stablecoin side, Tether has already indicated that it is not interested in the strictly regulated EU market. Its competitor Circle has therefore seen market attention around EURC. AMBCrypto also noted that analysts speculate the timing of the AML rules coincides with the European Central Bank’s digital euro testing phase.