#EUPrivacyCoinBan The European Union plans to ban privacy coins and anonymous crypto wallets by 2027 according to the new Anti-Money Laundering Regulation (AMLR) 1 2. This means that cryptocurrencies like Monero (XMR) and Zcash (ZEC) - designed to enhance transaction privacy - will no longer be supported by financial institutions and crypto service providers within the EU 2. The regulation aims to increase transparency in digital transactions and combat financial crimes by banning pseudonymous crypto accounts and privacy-focused coins 1. Crypto asset service providers (CASPs) will be required to verify customer identities and monitor transactions, aligning crypto regulations with traditional financial systems.