#EUPrivacyCoinBan The European Union (EU) has just passed a new regulation banning privacy coins such as Monero (XMR), Zcash (ZEC), and Dash from centralized exchanges. This decision was made as part of efforts to enhance financial oversight and prevent money laundering in the cryptocurrency space.
According to EU lawmakers, the high level of security provided by these coins makes them potential tools for illegal activities. However, the crypto community is concerned that this severely infringes on users' financial privacy.
This ban is generating a strong wave of reaction within the blockchain community, especially among those who advocate for the control of personal assets. It also raises significant questions about the line between "legal compliance" and "privacy protection".