#EUPrivacyCoinBan Ban on Anonymous Currencies in the European Union and Its Impact on the XMRUSDT Pair
The European Parliament has tentatively approved new legislation that prohibits dealing with cryptocurrencies that offer high privacy features, such as Monero (XMR) and Zcash, as part of efforts to combat money laundering and illicit financing. This move has raised concerns within the crypto community about potential threats to user privacy. As a result, the XMRUSDT pair has experienced notable selling pressure, declining from $135 to $122 within just 48 hours. Investors are worried that the ban may expand to other countries, which could reduce the tradability of these currencies. However, some believe that these measures could promote the adoption of hybrid solutions that balance privacy and regulatory compliance.
