#EUPrivacyCoinBan The European Union’s Anti-Money Laundering Regulation (AMLR), effective July 1, 2027, will ban privacy coins like Monero, Zcash, and Dash, prohibiting financial institutions and crypto asset service providers (CASPs) from handling anonymity-enhancing cryptocurrencies. Aimed at curbing money laundering and illicit transactions, the regulation mandates full Know Your Customer (KYC) checks for crypto transfers over €1,000, aligning crypto with traditional banking standards. The Anti-Money Laundering Authority (AMLA) will oversee compliance, targeting platforms with over 20,000 users or €50 million in transactions. Critics argue the ban stifles innovation and infringes on financial privacy, vital for activists and journalists, while supporters claim it’s necessary to combat criminal activity. Decentralized exchanges may offer workarounds, but delistings could impact liquidity and prices. The EU’s move signals a broader push for transparency, potentially influencing global crypto regulations and reshaping the privacy coin landscape.