#EUPrivacyCoinBan The European Union will ban privacy coins like Monero, Zcash, and Dash, along with anonymous crypto accounts, by July 1, 2027, under the new Anti-Money Laundering Regulation (AMLR). Aimed at increasing financial transparency, the regulation prohibits crypto asset service providers from supporting anonymity-enhancing tools, mandating full KYC compliance for transactions over €1,000. The EU’s Anti-Money Laundering Authority will oversee enforcement, targeting firms with significant activity. Critics argue this stifles innovation and infringes on privacy, while supporters claim it curbs illicit finance. The ban may push privacy-focused crypto activity to decentralized or offshore platforms, impacting EU market liquidity