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Monero Update: Changes to Direct Payments
- By SMSPool Admin
- News
This was a difficult but necessary decision. As an EU-based company, we're subject to the EU's Markets in Crypto-Assets Regulation (MiCA), which imposes strict compliance requirements on financial institutions handling crypto assets. This is compounded by the incoming Anti-Money Laundering Regulation (AMLR), which will formally ban privacy coins like Monero from EU-regulated platforms from July 2027. Banks are already de-risking ahead of that deadline, and our banking partner is no longer willing to support our account while we continue accepting Monero directly. Alternative banks have declined to work with us for the same reason.
Monero is still available through our resellers, so it hasn't been removed as a payment option, just moved off our direct platform.
We know this is inconvenient and we're sorry for the disruption. Thanks for your understanding.
Return to knowledgebaseAbout the author
SMSPool Admin
The owner of SMSPool.net, a site that originally started as a hobby but saw rapid expansion due to the high demand, loves anything technology related and loves writing about technology related articles.
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