#EUPrivacyCoinBan The European Union has moved toward banning privacy coins such as Monero and Zcash under new anti-money laundering (AML) regulations. These coins, which offer enhanced anonymity features, are seen as potential tools for illicit activities due to their untraceable nature. The proposed legislation prohibits crypto asset service providers from offering or interacting with privacy coins, aiming to increase financial transparency and prevent money laundering. While the law is not yet finalized, it signals the EU’s intent to tighten oversight on digital assets. Critics argue it undermines privacy rights, while supporters emphasize the need for regulatory clarity and security.