#EUPrivacyCoinBan

#EUPrivacyCoinBan As part of its update to the Anti-Money Laundering Regulations (AMLR), the European Union has decided to ban privacy-preserving cryptocurrencies (such as Monero, Zcash, and Dash) and anonymous wallets starting from July 1, 2027. Identity verification will be required for all transactions exceeding €1,000, and the European Anti-Money Laundering Authority (AMLA) will be established to oversee key service providers. This measure aims to enhance transparency and reduce the use of cryptocurrencies in illegal activities.