Haveno Adds U.S. Bank Transfer Options for Monero Ahead of EU Rule

Haveno, a decentralized peer-to-peer exchange protocol, now lists U.S. ACH and domestic wire transfers as payment methods for Monero (XMR) trades — roughly two years before Regulation (EU) 2024/1624 applies on July 10, 2027. The listings describe possible arrangements, not confirmed live offers, and the service supplies no liquidity of its own.

The platform facilitates direct trades between users, with wallets generated on users' own devices. The U.S. ACH option sets a five-day trading period, while domestic wires list three days. Both carry a maximum of 12 XMR per trade, though most newly opened payment accounts cannot access the full limit at the outset.

Haveno lists Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT) and USD Coin (USDC) as counterpart assets for Monero trades. Because the protocol does not provide liquidity, trade availability depends entirely on offers and counterparties active on a given network at a given moment.

What do the listings actually guarantee?

Not much, by the service's own description. A payment method appearing on the list does not confirm that a suitable offer is live on any network. Haveno also states that it does not endorse third-party networks for mainnet use, meaning the listed U.S. options sketch possible arrangements rather than verified availability through a specific network. In plain terms: the plumbing is described, but no counterparty is promised.

What does the EU regulation say?

Regulation (EU) 2024/1624, dated May 31, 2024, is scheduled to apply on July 10, 2027. It bars credit institutions, financial institutions and crypto-asset service providers from maintaining anonymous crypto-asset accounts, or accounts that anonymize customers, make transactions anonymous, or further obscure them — including through anonymity-enhancing coins.

The regulation defines such coins as crypto-assets built to hide transfer details, whether that feature operates automatically or optionally. It does not name Monero anywhere in the text. It also does not ban individuals from owning Monero, and its prohibition excludes hardware, software or self-hosted wallet providers that lack access to or control over the wallets they serve.

That carve-out matters for services like Haveno. The regulation does not specifically classify Monero under its definition, nor does it specify how every type of XMR trading arrangement will be treated. In plain words: the rule constrains regulated intermediaries, not the coin itself or self-custody tooling.

How did exchanges treat Monero before this rule?

Major delistings predate the regulation entirely. OKX scheduled its XMR spot-pair removals for January 4–5, 2024 (ET). Binance set its XMR spot delisting for 10 p.m. ET on February 19, 2024, equivalent to 3 a.m. UTC on February 20. Both decisions came months before the regulation was dated May 31, 2024.

Binance cited regulatory requirements among its general review factors but never specified why it removed XMR. That silence leaves the causal chain unproven — a caveat worth holding onto whenever delistings are attributed to rules that did not yet exist on paper. In plain words: exchanges acted first; the regulation followed, and the connection remains asserted rather than documented.

Monero's network itself uses ring signatures, RingCT (ring confidential transactions) and stealth addresses to conceal senders, amounts and recipients. Those properties are precisely what the EU text targets in functional terms, even as it avoids naming any specific asset.

What happens next?

The operative date is July 10, 2027, when EU credit institutions, financial institutions and crypto-asset service providers must comply with the anonymous-account prohibition. Whether peer-to-peer, self-custody arrangements such as Haveno's fall outside that perimeter will depend on supervisory interpretation that has not yet been published.