#EUPrivacyCoinBan

The EU's #EUPrivacycoinban, part of the new AMLR set for 2027, will prohibit privacy coins like Monero, Zcash, and Dash, as well as anonymous crypto accounts. All crypto service providers must verify users, with any transaction over €1,000 requiring full identification. The goal is to combat money laundering and align crypto with traditional finance. While authorities praise the move for increasing transparency, critics warn it threatens privacy and innovation in the decentralized space. The new Anti-Money Laundering Authority (AMLA) will enforce these rules. This marks a major shift for the EU’s crypto landscape—privacy coins are being pushed out in favor of compliance. Will financial privacy survive regulation? The countdown to 2027 has begun.