#EUPrivacyCoinBan

Big news out of Europe: The EU has officially voted to ban privacy coins like Monero (XMR), Zcash (ZEC), and anonymous wallets by July 1, 2027, under its new Anti-Money Laundering Regulation (AMLR).

This move targets crypto assets that hide user identity, aiming to bring crypto in line with traditional finance rules. The new law will also create a powerful oversight agency, AMLA, to supervise crypto firms.

Prices of XMR and ZEC dropped fast, and many traders are eyeing more crypto-friendly spots like Dubai.

Is this a crackdown on crime, or a hit to financial privacy? 🔍💸