What is changing for people who use crypto without KYC — every item dated and linked to a primary source. Holding crypto in your own wallet remains legal in every jurisdiction below; the rules target businesses.
days until the EU's anti-money-laundering rules apply (10 Jul 2027)From then, banks and crypto providers in the EU may not handle privacy coins or anonymous accounts, and every crypto-ATM purchase needs ID. Self-hosted wallets are not covered. Regulation (EU) 2024/1624
European Union
Self-custody: Owning Bitcoin or Monero in your own wallet is not banned. The 2027 rules target regulated providers — exchanges, banks and crypto ATMs — not self-hosted wallets.
Travel Rule (Regulation 2023/1113) applies. For transfers over €1,000 to or from a self-hosted wallet, the provider must check that you own or control it. source
DAC8 tax reporting: crypto providers collect user identity and transaction data for tax authorities; first reports are due in 2027. source
MiCA transitional period ended with no extension. Providers without a MiCA licence must stop onboarding EU clients and wind down. source
AMLR Art. 79: banks and crypto providers may not keep anonymous accounts or accounts allowing anonymisation, including through anonymity-enhancing coins. Recital 160 says this does not cover self-hosted wallet software. source
AMLR Art. 19(3): crypto providers must identify customers even for one-off transactions under €1,000 — in practice, ID at every EU crypto ATM. source
AMLR Art. 80: an EU-wide €10,000 cap on cash payments for goods and services. source
United States
Self-custody: Self-custody is legal. Federal enforcement toward non-custodial software softened in 2025, but running an unlicensed money transmitter is still prosecuted.
No federal ID threshold specific to crypto ATMs. Operators are money services businesses: cash over $10,000 triggers a currency transaction report, and suspicious-activity reporting applies from $2,000. source
Treasury lifted the Tornado Cash sanctions. source
DOJ memo: prosecutors will no longer target mixers or offline wallets for what their users do (with exceptions for serious crimes). source
DOJ said it won't bring new unlicensed-money-transmitting charges against developers of truly decentralised, non-custodial software. source
Samourai Wallet founders sentenced to 5 and 4 years after guilty pleas. source
The CLARITY Act (market-structure bill) failed a Senate cloture vote. source
Roman Storm (Tornado Cash) retrial scheduled. source
United Kingdom
Self-custody: Holding crypto in your own wallet is legal. There is effectively no legal crypto-ATM network.
First prison sentence (4 years) for running crypto ATMs without FCA registration, which is illegal. source
CARF reporting: UK providers collect user data; the first report is due 31 May 2027. source
New FCA crypto regime starts (applications opened 30 Sep 2026). source
Canada
Self-custody: Self-custody is legal. Regulated platforms face strict FINTRAC rules, and several no-KYC venues have been shut down.
ID is required to exchange C$1,000 or more; receiving C$10,000+ (aggregated over 24 hours) triggers a large virtual-currency transaction report. source
Kraken ended Monero trading for Canadian clients. source
This page summarises public sources as of 2 Oct 2026. It is not legal advice — laws change and how they apply depends on your circumstances. Where we could only find secondary sources, we say so or leave the item out.