# EU AMLR Article 79

> EU AMLR Article 79 (European Union · AMLA · national FIUs): Anti-money laundering · Regulation (EU) 2024/1624. Region: Europe. Restricts anonymity: Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.

Part of the Soda Labs Privacy Hub regulation map, which reads the instruments
themselves rather than summarising the summaries: https://www.sodalabs.xyz/privacy-hub/regulation

## Key facts

- Entry type: Regulator or standard-setter
- Region: Europe
- Subject: Anti-money laundering · Regulation (EU) 2024/1624
- Authority: European Union · AMLA · national FIUs
- Stance on on-chain confidentiality: Restricts anonymity. Anonymity-enhancing assets or unattributed transfers are barred outright, or barred for regulated firms.
- Tags: AMLR, Article 79, anonymity-enhancing coins, obliged entities, commonly misread
- Canonical page: https://www.sodalabs.xyz/privacy-hub/regulation/reg-eu-amlr

## What it 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.

## The instruments that matter

- **Article 79(1)**: bars credit institutions, financial institutions and CASPs from keeping anonymous accounts, including any account allowing anonymisation or increased obfuscation of transactions through anonymity-enhancing coins
- **Applies from 10 July 2027**: the 1 July 2027 date repeated across crypto media is wrong; AMLD6 transposition shares the 10 July 2027 deadline
- **Recitals 29 and 30**: self-hosted wallet transactions are treated as a risk factor to assess, not as prohibited

## Sources

- [Regulation (EU) 2024/1624](https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng)
- [AMLA](https://www.amla.europa.eu/index_en)

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