#EUPrivacyCoinBan As of July 1, 2027, the European Union will ban privacy-focused cryptocurrencies, such as Monero, Zcash, and Dash, as well as anonymous crypto accounts, according to the Anti-Money Laundering Regulation (AMLR). Crypto service providers (CASPs) will be required to perform identity checks (KYC) for all transactions exceeding 1,000 euros, aligning cryptocurrencies with banking standards. A new authority, the AMLA, will oversee major platforms. This measure aims to combat money laundering but has drawn criticism for its impact on decentralized innovation and financial privacy.