#EUPrivacyCoinBan has officially adopted the Anti-Money Laundering Regulation (AMLR), set to take effect on July 1, 2027, which will ban privacy coins and anonymous crypto accounts. This regulation prohibits financial institutions and crypto asset service providers from maintaining anonymous accounts or handling privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash (DASH) . Additionally, all crypto transactions over €1,000 will require identity verification, aligning digital assets with traditional financial systems to enhance transparency and combat illicit financial activities . The AMLR also establishes the Anti-Money Laundering Authority (AMLA) to oversee major crypto firms operating within the EU . While some exchanges have already begun delisting privacy coins in anticipation of the ban, the market impact has been mixed, with Monero and Zcash experiencing slight gains following the announcement . This regulatory shift marks a significant move towards stricter oversight of the crypto industry in Europe.