#EUPrivacyCoinBan EU vs Privacy Coins: A Ban that Changes the Game?

The European Union has taken a serious stance on anonymous cryptocurrencies. The new legislation effectively prohibits the use of so-called privacy coins – Monero, Zcash, Dash, and others that provide financial anonymity.

What this means:

All licensed crypto platforms in the EU can no longer support transactions with such coins.

Users will lose access to one of the last bastions of privacy in digital finance.

The authorities' argument: fighting money laundering.

Community reaction: this is a blow to financial freedom and the right to privacy.

Question for you:

Does the state have the right to completely block anonymity in finance? Is this the first step towards total control over every transaction?