#EUPrivacyCoinBan

Important regulatory warning for the cryptocurrency community in Europe: is the end of privacy in the crypto space approaching? The European Union has recently made a groundbreaking decision with the implementation of its new anti-money laundering (AML) regulation.

This regulation is intended to significantly transform the landscape for crypto asset users across the European continent. Among the key points you should know is the ban on anonymous wallets, which is set to come into effect in 2027.

Furthermore, privacy-focused coins such as Monero ($XMR), Zcash ($ZEC), and Dash ($DASH) will be particularly affected by these new regulations. Additionally, a limit of 1,000 euros will be established for transactions that do not require customer identity verification (KYC).