#EUPrivacyCoinBan 🔒 What’s Being Banned?

Additionally, any crypto transaction exceeding €1,000 will require full identity verification, aligning crypto operations with traditional banking standards.

🛡️ Enforcement and Oversight

To ensure compliance, the EU will establish the Anti-Money Laundering Authority (AMLA), which will oversee major CASPs operating across member states. The AMLA will directly supervise up to 40 entities, focusing on those with significant cross-border activities.

📊 Market Reaction

Despite the impending ban, privacy coins like Monero and Zcash have shown resilience, with Monero rising 5% and Zcash 3% shortly after the announcement. This suggests that investors may be seeking alternatives or preparing for shifts in the regulatory landscape.