EU Introduces €10,000 Cash Limit and Tightens Crypto KYC Under New AML Rules

The European Union has introduced new Anti-Money Laundering (AML) rules that will take effect in July 2027. The regulation aims to unify AML rules across cash and crypto markets, improve transparency, and prevent illicit money flows.

One of the key measures is a €10,000 limit on large cash payments for commercial transactions across member states. Some countries may still apply lower limits under their national policies, while businesses must verify customer identity for cash payments above €3,000. Private individual transfers remain exempt from these restrictions.

The regulation also tightens crypto KYC requirements, including a ban on anonymous crypto accounts and the monitoring of self-hosted wallet transfers. The EU aims to prevent large-scale cash-based laundering schemes and improve cross-border enforcement through a central authority based in Frankfurt.