EU AMLR Article 79

Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.

What EU AMLR Article 79 actually says

Reported almost everywhere as an EU ban on privacy coins from 1 July 2027. Two things are wrong with that. The date is 10 July 2027, when the AMLR begins to apply. And the prohibition binds obliged entities, not people: banks, financial institutions and licensed crypto providers may not keep anonymous accounts, or accounts that anonymise the holder or obfuscate transactions including through anonymity-enhancing coins. It creates no offence for holding or spending such an asset, outlaws no protocol, and leaves self-custody standing, which the recitals treat as a risk factor to be assessed rather than something barred. What it does mean is that regulated European venues will almost certainly drop support. How far it reaches assets with optional privacy will be settled by AMLA guidance, not by this text.

What this means for confidential transactions

Bubble is built for exactly this shape of obligation: amounts and balances live on chain as ciphertexts, computation happens without decryption, and the only disclosure path is an on-chain access list through which an authorized party - an auditor, a supervisor, a counterparty - can request scoped decryption. That is confidentiality from the public, not from the regulator.