#EUPrivacyCoinBan
European Union legislation introduces new rules targeting privacy-focused cryptocurrencies such as Monero (XMR), Zcash (ZEC), and Dash (DASH), set to take effect on July 1, 2027. Under the regulation, transactions involving anonymous crypto assets exceeding €1,000 will require full Know Your Customer (KYC) compliance. This includes personal identity verification measures such as presenting a valid ID and other identification procedures. The policy aims to combat money laundering and enhance financial transparency within the EU. The decision reflects the EU’s broader efforts to regulate digital assets and limit the use of untraceable financial instruments.
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