#EUPrivacyCoinBan European Union has finalized the Anti-Money Laundering Regulation (AMLR)⚖️, effective July 1, 2027, banning privacy coins like Monero, Zcash, and Dash, and anonymous crypto accounts. Crypto service providers must enforce strict Know Your Customer (KYC) checks for transactions over €1,000, aligning with traditional banking standards. The Anti-Money Laundering Authority (AMLA) will oversee major providers, targeting those with over 20,000 users or €50 million in transactions. Critics argue this stifles innovation and privacy, while supporters claim it curbs illicit finance. The ban has sparked market volatility, with privacy coin prices dropping and trading volumes surging.