#EUPrivacyCoinBan

The EU is banning privacy coins (like Monero and Zcash) and anonymous crypto wallets by July 2027 to reduce illicit activity. Key points:

1. Identity verification required for transactions over €1,000.

2. Anonymous accounts prohibited.

3. New authority (AMLA) to oversee AML regulations.

This may impact market prices and push traders to more favorable jurisdictions.