#EUPrivacyCoinBan

End of Privacy: Crypto in Europe Under the Microscope

The European Union has approved a ban on private cryptocurrencies.

According to the new AMLR (Anti-Money Laundering Regulation), from July 2027, the use of anonymous cryptocurrencies such as Monero (XMR), Zcash (ZEC), Dash, and others that provide a high level of transaction privacy will be prohibited in EU countries.

The new rules are aimed at strengthening control over digital assets and combating money laundering. Mandatory identification of all users of crypto services and transactions over 1000 euros will also be introduced, and a new supervisory body, AMLA, will oversee compliance with the regulations.

What this means for the market:

• Cryptocurrency exchanges operating in the EU will be required to delist private coins.

• Users should consider potential restrictions when dealing with these assets.

• Pressure on anonymity is increasing, which may affect global demand for privacy coins.

The regulator emphasizes: the measures are not aimed at banning cryptocurrencies as a whole, but at increasing transparency and reducing financial risks.