#EUPrivacyCoinBan The European Union’s Anti-Money Laundering Regulation (AMLR), effective July 1, 2027, will ban privacy coins like Monero, Zcash, and Dash, alongside anonymous crypto accounts, to combat illicit financial activities.

🫸🏻Under Article 79, financial institutions and crypto asset service providers (CASPs) are prohibited from handling anonymity-enhancing cryptocurrencies or maintaining anonymous accounts. This aligns crypto regulations with traditional banking, mandating Know Your Customer (KYC) checks for transactions exceeding €1,000.

🫸🏻The Anti-Money Laundering Authority (AMLA) will oversee compliance, targeting 40 major CASPs operating across at least six EU states, with thresholds of 20,000 users or €50 million in annual transactions.

🫸🏻Critics argue this heavy-handed approach stifles innovation and erodes financial privacy, impacting not just criminals but activists, journalists, and privacy-conscious citizens.

🫸🏻Supporters, however, see it as essential for curbing money laundering and terrorist financing, enhancing transparency in digital finance.

🫸🏻The ban may reduce liquidity and trading volumes for privacy coins, with exchanges likely delisting them, as seen with Monero’s 8.1% price drop post-announcement in May 2025.

🫸🏻Decentralized exchanges and non-EU jurisdictions like Dubai could see increased activity as users seek alternatives. While privacy coins remain legal for individual use, restrictions on institutional handling may limit their practical utility.

🫸🏻The EU’s move signals a broader global trend toward stricter crypto oversight, potentially reshaping the decentralized finance landscape and pushing innovation to less regulated regions.