#EUPrivacyCoinBan

The European Union has officially adopted new crypto regulations under the Anti-Money Laundering Regulation (AMLR), which will take effect from July 1, 2027. These rules aim to ban anonymous crypto wallets and privacy coins such as Monero (XMR), Zcash (ZEC), and Dash (DASH). Any crypto transaction above €1,000 will require identity verification, and a new AML authority will monitor major platforms.

While these measures are intended to combat illicit activities, many in the crypto community are concerned about the loss of financial privacy and individual freedom. Privacy coins were designed to give users control over their financial data, and banning them may limit innovation and drive users to decentralized alternatives.

Is this regulation really about protection, or is it the beginning of financial surveillance? This move raises important questions about user rights, decentralization, and the future of privacy in Web3.

What are your thoughts on the EU’s decision to ban privacy coins?