#EUPrivacyCoinBan EU CRACKS DOWN ON PRIVACY COINS!
Starting July 1, 2027, the EU’s Anti-Money Laundering Regulation outlaws privacy coins like Monero (XMR), Zcash (ZEC), and Dash. Crypto platforms can’t handle anonymous accounts, and transactions over €1,000 need ID verification. The new Anti-Money Laundering Authority (AMLA) will monitor 40 top crypto firms. Advocates say it’ll stop illegal activity, but opponents argue it destroys financial privacy, impacting activists and journalists in restrictive regimes. Will this trigger worldwide bans or fuel privacy tech growth elsewhere?