#EUPrivacyCoinBan – EU Draws the Line on Crypto Anonymity

The EU has confirmed a ban on privacy coins like Monero (XMR), Zcash (ZEC), and Dash, set to take effect on July 1, 2027, under its Anti-Money Laundering Regulation (AMLR). Crypto service providers will be prohibited from offering or facilitating anonymous transactions, with identity verification required for transfers over €1,000. While regulators argue this enhances security and transparency, critics say it erodes financial privacy and threatens innovation. Privacy advocates warn the move may drive such technologies underground or abroad. The debate between regulatory oversight and digital freedom intensifies. DYOR (Do Your Own Research) before making crypto decisions.