The European Union has approved new anti-money laundering (AML) rules that will impact regulated crypto firms starting in July 2027.
Under the regulation, these firms will be prohibited from supporting 'privacy coins' - cryptocurrencies designed to enhance user anonymity - while direct Bitcoin transfers between self-hosted wallets remain outside of mandatory identification requirements.
The new framework also introduces a €10,000 cap on commercial cash payments and stricter Know-Your-Customer (KYC) rules for crypto transactions.