#EUPrivacyCoinBan – What You Need to Know**

The European Union has introduced a new Anti-Money Laundering Regulation (AMLR) aimed at tightening control over crypto to combat illicit activities like money laundering and terrorism financing.

Key measures include:

Banning privacy coin like Monero (XMR) and Zcash.

Mandatory identity checks for all crypto transactions over €1,000 starting in 2027.

Creation of a new EU Anti-Money Laundering Authority to supervise large crypto service providers.

This marks a major shift toward stricter compliance—and it’s raising big questions about privacy in the crypto space.