#EUPrivacyCoinBan
EUPrivacyCoinBan The European Union plans to ban privacy coins and anonymous cryptocurrency wallets by July 1, 2027 .
This is part of the newly adopted Anti-Money Laundering Regulation (AMLR) , aimed at increasing transparency and combating financial crime............
The ban will affect cryptocurrencies designed to obscure transaction details, like Monero and Zcash ,,,,,,,,as well as anonymous accounts and unverified crypto transfers .........
It’s part of new Anti-Money Laundering Regulations (AMLR), coming into force by 2027,,,,,,,,,,
These rules will,,,,,,,,
↳ Ban crypto businesses from handling privacy tokens
↳ Target anonymous accounts and self-custody addresses
↳ No room for anonymity
The EU plans to..........
↳ Select up to 40 high-risk crypto providers across 6+ countries
↳ Use thresholds like 20,000 customers or €50M in transactions for AML oversight
Despite this privacy coins are pumping........
Monero recently spiked 50% after hackers reportedly converted $330M in stolen BTC to XMR, causing a brief surge to $317 before correcting .........
