The European Union will set a limit of 10,000 euros on cash payments for goods and services starting from July 10, 2027, in accordance with Regulation (EU) 2024/1624.


The new anti-money laundering rules also require crypto asset service providers to perform full customer due diligence for sporadic transactions valued at 1,000 euros or more;
transactions below 1,000 euros require customer identification but do not need full verification.
Anonymous crypto accounts are explicitly prohibited.
The regulation bans any accounts or services that aim to anonymize or increase the opacity of transactions, including privacy-focused currencies.
The above rules effectively prevent regulated platforms from listing, custody, or facilitating services involving privacy coins, but private use of such assets remains permitted.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned