Paschal Donohoe, President of the Eurogroup and Ireland’s Minister for Finance, outlined the European Union’s evolving plans to track crypto asset transfers as part of a broader anti-money laundering (AML) push.
Speaking at the European Anti-Financial Crime Summit 2025 in Dublin, Donohoe said the initiative will require crypto asset service providers to record sender and receiver data, mirroring traditional finance regulations.
“It’s essential that we broaden the scope of this kind of financial regulation,” Donohoe emphasized, calling crypto transparency a top priority for EU lawmakers.
New Transfer Rules Aim to Improve Traceability
Donohoe described the forthcoming regulations as a “reclass of performance transfer mechanisms”, marking a significant step in treating crypto transactions on par with conventional financial transfers. The rules, backed by EU institutions, will compel crypto service providers to collect and share detailed transaction metadata, increasing traceability and accountability.
The framework builds on the Transfer of Funds Regulation, adopted by the European Commission in May 2023, which mandates full traceability of crypto asset movements across the bloc.
AMLA and Cross-Border Coordination Central to EU Strategy
The plan is part of a larger package of AML legislative proposals tied to the upcoming Anti-Money Laundering Authority (AMLA), which will oversee compliance across all EU member states. Donohoe highlighted the need for enhanced cooperation and coordination, not just across Europe but internationally.
“This initiative is a landmark development. It aims to create a strong toolkit for tackling these deeply serious issues,” he said.
Key Crypto Restrictions Coming by 2027
The AML regulation will also introduce strict new rules on anonymity and privacy in the crypto space. Effective July 1, 2027, crypto firms will be barred from interacting with anonymous wallets and privacy coins. Moreover, decentralized exchanges (DEXs) that do not comply may face IP address blocks within the EU.
These measures represent the most aggressive regulatory steps yet in Europe’s bid to clamp down on illicit finance through digital assets.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/eu-to-expand-crypto-transfer-rules-under-new-aml-framework-says-eurogroup-president/