#EUPrivacyCoinBan The European Union (EU) has officially adopted the Anti-Money Laundering Regulation (AMLR) to strengthen oversight of the cryptocurrency market. A key aspect of this new regulation is the prohibition of anonymous cryptocurrency wallets and privacy coins.

Here is a breakdown of the situation:

* Prohibition of Privacy Coins: The new AMLR will prohibit financial institutions and cryptocurrency service providers from offering services related to cryptocurrencies that enhance privacy. This specifically targets coins like Monero (XMR), Zcash (ZEC), and Dash.

* Anonymous Cryptocurrency Wallets: The regulation also prohibits anonymous cryptocurrency wallets.