#EUPrivacyCoinBan A The European Union has officially approved the Anti-Money Laundering Regulation (AMLR), which will come into effect on July 1, 2027. One of the most controversial parts of this law is the prohibition of privacy coins, such as Monero (XMR), Zcash (ZEC), and Dash.

Key highlights of the regulation:

All privacy-focused cryptocurrencies will be banned.

Anonymous crypto accounts and wallets will no longer be allowed.