#EUPrivacyCoinBan The European Union has enacted the Anti-Money Laundering Regulation (AMLR), which will ban privacy coins like Monero (XMR), Zcash (ZEC), and Dash, along with anonymous crypto wallets, starting July 1, 2027. This move aims to enhance financial transparency and combat illicit activities by requiring crypto service providers to implement strict Know Your Customer (KYC) protocols. The newly established Anti-Money Laundering Authority (AMLA) will oversee compliance, focusing on platforms with significant user bases or transaction volumes. While proponents argue this will align crypto with traditional finance standards, critics warn it may undermine financial privacy and hinder innovation in the decentralized finance sector.