Crypto Companies Under Increased Scrutiny In Europe

Europe is not giving up. After MiCA, crypto companies must face a new wave of regulations led by the European Anti-Money Laundering Authority (AMLA). Anonymous wallets banned, direct access to data, cross-border controls… Brussels clearly shows its determination to go further. Is the sector ready to absorb this new shock?

AMLA takes over, a new chapter in European regulation

After surviving the strict requirements of MiCA, European crypto companies realize that the European Union has no intention of easing up.

A new regulatory layer is taking shape, this time driven by AMLA, the European Anti-Money Laundering Authority, now operational in Frankfurt.

In an interview with the Financial Times, Bruna Szego, president of AMLA, stated that it is “essential that the bloc be properly protected” against the specific risks posed by the crypto sector.

Unlike MiCA, which mainly regulates markets and the issuance of digital assets, AMLA acts as a cross-border supervisor, with the mission of imposing direct control over structures and flows.

Specifically, exchanges, custodial wallet providers, and crypto ATMs will now have to declare the identity of their beneficial owners, shareholders, and holding structures. A proactive approach that, according to Szego, aims to identify opaque schemes and risky channels.

But in a still fragmented European market, where the 27 member states often apply regulations unevenly, the uniform implementation of these controls promises to be as delicate as it is crucial. Harmonizing national practices remains a major challenge to ensure the effectiveness of this new framework.

2027, the year of all dangers for crypto anonymity

The pressure does not stop there. Starting July 2027, Europe will take a new step in its war against crypto anonymity. Service providers will have to completely ban anonymous wallets and privacy-focused cryptos like Monero or Zcash.

More radically, crypto companies will have to open their databases to authorities. “Direct, immediate, and unfiltered” access to accounts will be mandatory for financial intelligence units and AMLA.

This measure fundamentally transforms the very nature of cryptos, originally designed to preserve user anonymity.

This European approach sharply contrasts with Donald Trump’s pro-crypto policy. While the United States seems to be moving toward more sector-friendly regulation, Europe maintains its hardline stance.

This divergence could push crypto companies to favor the American market, creating an exodus to more lenient jurisdictions.

In summary, MiCA laid the foundation for a regulated crypto market in Europe. But AMLA now intends to supervise every link, with strict rules and a clear will for control. This regulatory tightening, while reassuring states, risks fueling a reverse movement: a technological exodus to more welcoming jurisdictions. Because while the EU locks down, others, like the United States, roll out the red carpet.