#EUPrivacyCoinBan The ban primarily focuses on "privacy coins" such as Monero (XMR), Zcash (ZEC), and potentially others that employ technologies making transaction details (like senders, receivers, and amounts) difficult or impossible to trace.

* Anonymous Accounts: The regulations will also prohibit financial institutions, credit entities, and crypto-asset service providers (CASPs) from maintaining anonymous cryptocurrency accounts.

* Anti-Money Laundering Regulation (AMLR): These measures are included in the EU's new Anti-Money Laundering Regulation (AMLR).

* Implementation Timeline: The ban is expected to come into effect starting in July 2027.