On July 1, 2027, the European Union officially adopted new regulations to combat money laundering (AMLR), including a ban on privacy-focused cryptocurrencies and anonymous accounts.

This step aims to align digital assets with traditional financial systems in order to reduce illicit economic activities.

What are the banned cryptocurrencies?

The targeted cryptocurrencies include:

Monero (Monero - XMR)

Zcash (Zcash - ZEC)