#EUPrivacyCoinBan

The recent adoption of the Anti-Money Laundering Regulation (AMLR) by the European Union marks a significant shift in the oversight of cryptocurrency. By banning anonymous wallets and privacy coins like Monero, Zcash, and Dash, the EU aims to enhance transparency in digital transactions. Starting in 2027, mandatory identity verification for crypto transactions exceeding €1,000 will further tighten regulations. While some argue that such measures infringe on personal privacy, others see them as essential for curbing financial crime and safeguarding users.