#EUPrivacyCoinBan The European Union has announced a ban on privacy coins and anonymous crypto accounts, effective July 1, 2027, under its new Anti-Money Laundering Regulation (AMLR). This regulation prohibits financial institutions and crypto-asset service providers from handling privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash. The aim is to enhance financial transparency and combat illicit activities by eliminating untraceable transactions. Additionally, the EU will establish the Anti-Money Laundering Authority (AMLA) to oversee compliance, particularly targeting service providers with over 20,000 users or €50 million in annual transactions.

Current Prices:

Monero (XMR): $277.60

Zcash (ZEC): $34.71

Dash (DASH): $21.94

Hashtags: #EUPrivacyCoinBan #CryptoRegulation #aml

*Note: Always conduct your own research before making investment decisions.*