Techub News reported that the European Union’s new anti-money laundering law will formally take effect in July 2027. The rules set a €10,000 limit on cryptocurrency payment transfers and prohibit privacy coins such as Zcash. The law also requires mandatory KYC identity verification and bans anonymous crypto accounts as part of efforts to curb illegal capital flows.
The AML law is scheduled to be implemented one year after the MiCA framework takes effect in July 2026. According to the report, this places the anti-money laundering requirements after the EU’s broader crypto-asset market framework, adding specific restrictions around identity checks, anonymous accounts and privacy-focused assets.
The report also noted that Tether has indicated it is not interested in the heavily regulated EU market, while its competitor Circle’s EURC has gained market attention as a result. AMBCrypto added that analysts have speculated that the timing of the AML rules coincides with the European Central Bank’s digital euro testing phase.