#EUPrivacyCoinBan

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.