#EUPrivacyCoinBan EUPrivacyCoinBan

TEAM

🔔THIS IS A MUST KNOW

🚨Starting July 1, 2027, the European Union will ban privacy coins and anonymous crypto wallets under its updated Anti-Money Laundering Regulation (AMLR).

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➡️This major reform aligns crypto with traditional finance rules. Cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash, known for masking transactions, will be prohibited. The new law mandates identity verification for crypto transfers over €1,000 and bans anonymous accounts.

↪️A new regulatory body, the Anti-Money Laundering Authority (AMLA), will oversee high-volume crypto providers across EU member states. While critics warn this could hinder privacy and innovation, the EU asserts it’s a necessary step to curb illicit finance. The message is clear: anonymity in crypto will not be tolerated within EU borders after 2027.

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