#EUPrivacyCoinBan

The label **#EUPrivacyCoinBan** refers to the European Union's decision to ban privacy-focused cryptocurrencies, such as **Monero (XMR)** and **Zcash (ZEC)**, as part of efforts to combat money laundering (AML) and enhance transparency in financial transactions.

According to the new rules, trading platforms and financial institutions will be prohibited from providing services for these currencies by **July 1, 2027**, and strict restrictions will be imposed on digital wallets that do not require identity verification.

This decision has sparked widespread controversy among advocates of financial privacy who argue that the ban undermines users' freedom to conduct anonymous transactions, while regulators see it as a necessary step to curb illegal activities.