#EUPrivacyCoinBan The European Union is set to ban privacy coins and anonymous crypto wallets by 2027 under its new Anti-Money Laundering Regulation (AMLR)⁽¹⁾. This move targets cryptocurrencies like Monero and Zcash, which enable anonymous transactions, making them harder to track⁽¹⁾. The regulation will require crypto service providers to verify user identities and prohibit transactions that obscure sender and receiver details⁽¹⁾. The EU aims to increase transparency and prevent illicit financial activities, aligning crypto regulations with traditional banking standards⁽¹⁾. Critics argue this could limit financial privacy and innovation in the sector.