The European Union has officially adopted the Anti-Money Laundering Regulation (AMLR) to enhance oversight of cryptocurrencies. The new rules will prohibit anonymous cryptocurrency wallets and privacy coins such as Monero, Zcash, and Dash. Starting in 2027, all cryptocurrency transactions exceeding 1,000 euros will require identity verification, and a new anti-money laundering authority will oversee large trading platforms. Should governments have the power to ban private digital transactions? Or is this a necessary step to prevent abuse and protect users?
