EUROPEAN UNION IN ACTION.
💰Privacy coins and anonymous crypto wallets might soon become history in the European Union.
‼️To tighten anti-money laundering rules, the EU has announced an action plan to ban both by July 1,2027.
‼️Regulators make it clear that privacy coins in the EU will not be tolerated under the updated AML framework.
‼️The new rules fall under the bloc’s updated Anti-Money Laundering Regulation, or AMLR, and they’re already shaking up conversations around privacy, surveillance, and the future of decentralized finance.
