#EUPrivacyCoinBan

"EUPrivacyCoinBan" typically refers to regulations within the European Union targeting cryptocurrencies that offer enhanced anonymity features, often called privacy coins (like Monero, Zcash, Dash). Driven by Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) objectives, new EU rules restrict Crypto-Asset Service Providers (CASPs), such as exchanges.

These regulations generally prohibit CASPs from offering or facilitating transactions involving privacy coins. Furthermore, payments made from unidentified self-custodied (unhosted) wallets to accounts held at CASPs face stringent controls or potential bans. While not a direct ban on possessing these coins, the measures severely limit their interaction with the regulated financial system within the EU, effectively curtailing their practical use via exchanges or payment services.