The union has recently decided to impose a ban on privacy coins, causing concern in the world of cryptocurrency. The aim of this decision is to prevent money laundering and illegal activities, but critics argue that it will affect users' financial privacy. Coins like Monero and Zcash, which provide users with greater privacy, are targeted. As a result of this ban, crypto users in Europe will face new challenges, and privacy advocates are calling it an attack on civil liberties.