Companies offering crypto services in the European Union (EU) will be required to follow new rules aimed at preventing illegal financial activity, starting in July 2027.
That includes banning anonymous wallets, refusing to deal with privacy cryptocurrencies, and making user data available to national agencies and EU investigators without delay or filters.
The new rules fall under the EU’s updated anti-money laundering (AML) laws and will be enforced by the Anti-Money Laundering Authority (AMLA), which officially began operating in Frankfurt. The agency was established to ensure that all 27 EU countries apply these new AML measures.
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Bruna Szego, who leads AMLA, stated in an interview with The Financial Times:
We need to be sure the owners are not involved in money laundering or terrorism finance.
She also added that regulators will need to look at where these owners are based and who holds shares in the companies.
Szego pointed out that the current crypto industry in Europe is inconsistent. Some countries apply stronger controls than others, and this creates gaps in oversight.
This change also ties into the rollout of the Markets in Crypto-Assets (MiCA) rules, which are being adopted across the EU. Many crypto firms are currently attempting to register under MiCA, but with the AMLA in effect, those registrations will face closer scrutiny.
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