#EUPrivacyCoinBan

The European Union has announced a new regulation. This regulation is called the Anti-Money Laundering Regulation (AMLR).

The main goal of this regulation is to strengthen oversight over cryptocurrencies and prevent illegal activities such as money laundering and terrorist financing.

Measures to be taken include:

Blocking access to privacy-focused cryptocurrencies like XMR (Monero), DASH and Zcash.

Requiring identity verification for all crypto transactions over €1,000 starting in 2027.

Establishing a new Anti-Money Laundering authority to oversee major crypto platforms.

This regulation seems like a solid step toward clean crypto.

Thanks to 'The European Union'.

This (AMLR) Regulation will help all the crypto currencies and all crypto currency lovers, Holders for their safety. The Blocking access to privacy-focused cryptocurrencies which leads to

more money laundering and helps terrorists organisation, further which leads to war, violence and makes unfair world 🌎 .

i.e, why this (AMLR) Regulation is very important for Crypto world .