The implementation of regulatory frameworks sometimes blurs the lines between investor protection and broad-based oversight. This is particularly true of the AMLR (Anti-Money Laundering Regulation), which will take effect in the European Union starting in July 2027. This ambitious framework requires some clarification in order to assess its actual scope without succumbing to alarmist paranoia.
AMLR: A Problematic Regulatory Framework?
Some people still wonder what cryptocurrencies are good for. Perhaps they serve to maintain a certain degree of independence from the surveillance applied to financial flows, at a time when cash is gradually disappearing—though it’s worth noting that Sweden—a pioneer in this field for years—has ultimately backtracked on the issue.
This situation is further exacerbated by the introduction of central bank digital currencies (CBDCs) and the associated risk of potential control. This is an ongoing development within the European Union, with deployment expected in 2029, alongside a joint commitment to strictly regulate stablecoins.
In this context, independent researcher Shanaka Anslem Perera has just sounded the alarm over a bill that “treats every citizen like a criminal.” At issue are transactions such as buying a car with cash or sending more than 1,000 euros in Bitcoin, which could soon be viewed with suspicion.
CASH DIES IN 847 DAYS
Europe has just legislated the end of financial freedom, and nobody noticed.
January 2027: Every euro above €10,000 becomes illegal tender. Every Bitcoin requires government permission. Every transaction becomes a data point in Brussels’ surveillance network.
This… pic.twitter.com/bZYDH0SG8d
— Shanaka Anslem Perera ⚡ (@shanaka86) November 10, 2025
This is an opportunity for Shanaka Anslem Perera to point out that the legitimate fight against money laundering—estimated at $500 billion annually—carries an unintended consequence in the form of potential mass surveillance of the European Union’s population.
Cash payments: no change for the French
In practice, this regulation involves a highly controversial measure aimed at limiting cash payments to a maximum of 10,000 euros.
This situation does not really affect France, since restrictions already exist in this area for transactions between individuals and businesses, with a maximum amount set at 1,000 euros. As for cash payments made directly between individuals, this limit rises to 15,000 euros.
The goal of the AMLR is therefore to harmonize practices among European Union member states, as cash remains highly popular in countries like Germany and Austria, which are directly impacted by this new limit.
Cryptocurrencies: More Targeted Than Broad-Based Monitoring?
With regard to cryptocurrency transfers, the objective of this text—which builds on the Transfer of Funds Regulation (TFR)—does not involve broad-based monitoring of on-chain transactions, as had been suggested on social media.
In fact, the announced tracking will apply “only” to transactions exceeding 1,000 euros originating from a self-custody wallet and involving an interaction with a regulated service provider (PSAN), such as cryptocurrency exchanges like Binance, Kraken, or Coinbase.
In the case of a transfer between individuals (directly from wallet to wallet), this monitoring does not apply.
However, it is important to note that any transaction conducted through a regulated service requires the identification of both parties and the recording of transaction information.
Collateral Risks of Crypto Data Leaks
At the same time, another issue is emerging as a potential risk with the implementation of the European DAC8 Directive, which expands the scope of tax obligations to include cryptocurrencies in order to enhance the fight against tax fraud and evasion.
This push for transparency exposes the information collected on taxpayers’ digital assets to major risks due to its centralized nature. Indeed, this could make taxpayers prime targets for cybercriminals or organized crime networks.
One need only look at how a tax official has just been suspected of passing confidential tax data to criminal groups to understand the potential scale of this security breach, particularly in the context of kidnappings and the unlawful detention of crypto figures to demand ransoms.
Tax official suspected of leaking information to organized crime
In an ecosystem where the principle of self-custody is based on individual responsibility, the protection of personal data has now become just as crucial as that of private keys.
