#EUPrivacyCoinBan

The European Union has finalized its decision to ban privacy coins and anonymous cryptocurrency wallets by July 1, 2027, marking a decisive turn in the bloc’s anti-money laundering (AML) strategy.

Under the newly adopted Anti-Money Laundering Regulation (AMLR), crypto assets that enable anonymous transactions—such as Monero (XMR), Zcash (ZEC), and Dash—will be prohibited across the EU. The move represents a broader effort by regulators to align digital assets with traditional financial systems to reduce illicit economic activity.