Techub News reported that the European Union’s new anti-money laundering law will officially take effect in July 2027. The law sets a €10,000 limit on cryptocurrency payment transfers and bans privacy coins such as Zcash. It also requires mandatory KYC identity verification and prohibits anonymous crypto accounts as part of efforts to curb illegal capital flows.
The measure is scheduled to be implemented one year after the MiCA framework takes effect in July 2026. With MiCA and the new AML rules arriving in sequence, the EU’s regulatory requirements for crypto issuance, trading and payments will become stricter, particularly for anonymous accounts, privacy coins and large-value crypto payment activities.
The report also noted that Tether has indicated it is not interested in the strictly regulated EU market. Its competitor Circle has therefore seen its EURC draw market attention. According to AMBCrypto, analysts speculate that the timing of the AML regulation coincides with the European Central Bank’s testing phase for the digital euro.