#EUPrivacyCoinBan The AMLR also mandates identity verification for crypto transactions above €1,000, aiming to tighten anti-money laundering controls across the crypto space. To oversee these measures, the EU will launch the Anti-Money Laundering Authority (AMLA), directly supervising up to 40 major CASPs across member states.

Supporters argue that these rules will curb illicit activities and improve transparency in digital finance. However, critics warn that banning privacy coins could undermine financial privacy rights and restrict legitimate uses for activists, journalists, and individuals in oppressive regimes.

This landmark regulation signals Europe’s commitment to stricter oversight of crypto markets while raising questions about the future of privacy