The EU Privacy Coin Ban #欧盟隐私币禁令 is an important measure introduced by the EU to strengthen regulation over the cryptocurrency industry. Below is a detailed introduction to this ban:

• Relevant Regulation: The EU has officially passed the Anti-Money Laundering Regulation (AMLR), which stipulates that from July 1, 2027, all financial institutions are prohibited from providing anonymous cryptocurrency accounts or wallets with cryptocurrency service providers, and a complete ban on privacy coin transactions will be enforced.

• Prohibited Targets: This includes privacy coins with anonymity features such as Monero, Zcash, and Dash.

• Specific Requirements: Cryptocurrency transactions exceeding 1000 euros must undergo mandatory identity verification. Additionally, a new regulatory body, AMLA, will be established to directly supervise large cryptocurrency platforms.

• Reasons for Introduction: With the development of the cryptocurrency market, the anonymity of privacy coins has been exploited by criminals for illegal activities such as money laundering and terrorist financing. In recent years, illegal capital flows using privacy coins have shown an upward trend. To maintain financial stability and security and to combat criminal activities, the EU has decided to legislate to restrict privacy coin transactions.

The implementation of this ban will have a huge impact on the privacy coin market, and the entire cryptocurrency industry will face a more stringent regulatory environment. Some innovative projects that rely on privacy coins may be hindered, and certain privacy coins that fail to meet regulatory requirements may even be eliminated from the market.