#EUPrivacyCoinBan

This is the name of the ban imposed by the European Union on privacy-focused cryptocurrencies such as Monero and Zcash, scheduled to be implemented in July 2027 under anti-money laundering laws.

Key aspects of the ban include:

Preventing exchanges from trading privacy-focused cryptocurrencies.

Prohibiting the use of anonymous digital wallets.

Enforcing identity verification for transactions exceeding 1000 euros.

Objective: To enhance transparency and combat money laundering and terrorism financing.

Controversy: Some believe it restricts digital privacy, while others consider it necessary to protect the financial system.