#EUPrivacyCoinBan The European Union continues to pressure anonymous cryptocurrencies. The new regulation effectively bans the circulation of so-called privacy coins, such as Monero (XMR), Zcash (ZEC), or Dash, due to concerns about money laundering. Regulators believe that anonymous transactions pose a security threat as they are difficult to trace.

However, such a ban raises many questions in the crypto community. First, it limits the right to financial privacy—one of the fundamental achievements of blockchain technology. Second, it puts legitimate users at risk who sought to protect their personal data.