#EUPrivacyCoinBan

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 legislation is the ban on privacy coins, such as Monero (XMR), Zcash (ZEC), and Dash.

Key points of the regulation:

All privacy-oriented cryptocurrencies will be prohibited.

Anonymous crypto accounts and wallets will no longer be permitted.