#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 .