#EUPrivacyCoinBan The European Union has approved legislation effectively banning privacy coins such as Monero, Zcash, and Dash as part of its broader anti-money laundering (AML) strategy. The new rules prohibit crypto-asset service providers from engaging in transactions involving coins designed to obscure user identities. Regulators argue that privacy-enhancing features pose a threat to financial transparency and facilitate illicit activities. Critics, however, warn the ban undermines individual financial privacy and innovation in blockchain technology. The decision is part of the EU's sweeping Markets in Crypto-Assets (MiCA) regulation, aimed at creating a uniform regulatory framework across member states. The ban is expected to take effect in 2025.