#EUPrivacyCoinBan 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 combat money laundering in the cryptocurrency space.

According to EU lawmakers, the high level of security offered by these coins makes them potential tools for illegal activities. However, the crypto community is concerned that this seriously infringes upon users' financial privacy.

This ban is creating a strong wave of backlash in the community.