The European Union has just taken a decisive step that could reshape the future of crypto privacy.
Under the newly adopted Anti-Money Laundering Regulation (AMLR)—set to take full effect by 2027—the EU will ban all privacy coins, including Monero (XMR), Zcash (ZEC), and Dash (DASH).
Key changes include:
Complete prohibition of anonymous wallets and accounts
Mandatory identity verification for crypto transactions over €1,000
A new EU Anti-Money Laundering Authority to supervise major crypto platforms
While the regulation is aimed at preventing illicit finance, it raises serious questions about user privacy, decentralization, and financial freedom. Supporters call it a necessary move for security, but critics argue it's a heavy blow to the core values of the crypto space.
The crypto landscape in Europe will never be the same.