What did the European Union say?

1. Decision of the European Union

The European Union votes in favor of banning the trading and use of private cryptocurrencies like Monero and Zcash, as part of efforts to combat money laundering and tighten regulations.

2. What are private cryptocurrencies?

These are currencies that focus on privacy, hiding the identity of the sender and receiver as well as the transaction value. They are used to protect digital privacy.

3. Concerns and criticisms

The decision has been seen by many as a threat to the principle of digital freedom and decentralization, and it may stifle innovation in the blockchain sector.

4. Supporters and opponents

Supporters see it as a step to protect consumers, while opponents fear a future dominated by crypto surveillance.

5. Where are we headed?

Is this the beginning of crypto centralization? Or a new launch towards stronger decentralized solutions that protect privacy and resist control?