The European Union intends to ban privacy-focused cryptocurrencies, such as Monero and Zcash, starting from July 2027, as part of Anti-Money Laundering Regulations (AMLR). This decision aims to increase transparency in digital transactions and combat illegal activities.

*Impact on cryptocurrencies:*

- *Ban on private cryptocurrencies*: Platforms will not be allowed to support cryptocurrencies that enhance privacy, such as Monero, Zcash, and Dash.

- *Identity verification*: Users will be required to undergo full identity verification for transactions exceeding 1,000 euros.

- *Increased oversight*: The European Anti-Money Laundering Authority (AMLA) will be established to regulate the sector and ensure compliance with regulations.

*Affected cryptocurrencies:*

- *Monero (XMR)*: A privacy-focused cryptocurrency that uses advanced technologies to protect users' identities.

- *Zcash (ZEC)*: A cryptocurrency that provides privacy options for users.

- *Dash (DASH)*: A cryptocurrency that enhances privacy in transactions.