#EUPrivacyCoinBan Privacy coins are cryptocurrencies that obfuscate transaction details to increase user anonymity. Privacy coins, in contrast to transparent blockchains like Bitcoin and Ethereum, use cutting-edge cryptographic methods to conceal information like transaction amounts and sender and receiver addresses. Regulators are concerned about their potential misuse in illegal activities due to this increased privacy. The AMLR's Most Important Provisions Ban on Privacy Coins.