#EUPrivacyCoinBan

Substantial changes to its regulations regarding cryptocurrencies by 2027, with a particular focus on privacy. Under the new Anti-Money Laundering Regulation (AMLR), anonymous cryptocurrency accounts and transactions involving privacy coins like Monero (XMR) and Zcash (ZEC) will be prohibited. This means that financial institutions and Crypto Asset Service Providers (CASPs) will not be allowed to offer or maintain accounts that obscure user identities or deal with cryptocurrencies designed to enhance anonymity.