#EUPrivacyCoinBan Privacy-focused cryptocurrencies (e.g., Monero) and anonymous wallets can facilitate money laundering, terrorism financing, and tax evasion. Mandating identity verification for transactions exceeding €1,000 aligns cryptocurrency with established banking AML/KYC standards, potentially mitigating illicit activities.

- The establishment of a centralised AML authority could enhance oversight of large platforms, effectively closing vulnerabilities exploited by malicious actors.