#EUPrivacyCoinBan The EU aims to enhance the transparency of financial operations and prevent the use of cryptocurrencies for illegal activities such as money laundering or financing terrorism. Privacy coins complicate the tracking of transactions, raising concerns among regulators. To implement these measures, a new body is being established — the Anti-Money Laundering Authority (AMLA), which will oversee large crypto services operating in six or more EU countries, with more than 20,000 users or a turnover exceeding 50 million euros.