#EUPrivacyCoinBan The European Union approves restrictions on privacy coins

Summary:

The European Parliament has approved new legislation as part of the AML (Anti-Money Laundering) package that restricts the use of privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash within the European bloc.

Key Points:

EU-regulated exchanges will not be able to list or provide services with coins that completely hide transaction history.

Self-custody wallets are not banned, but they will be excluded from certain financial services.

The regulation still needs to be formally approved by the European Council, but it is almost certain to be enacted before the end of 2025.

Reactions:

Monero and Zcash fell by 7–10% following the announcement.

Privacy advocates warn that the measure may push the use of these coins towards unregulated markets.

Lawmakers insist they seek a balance between privacy and the fight against money laundering.

Highlighted Quote:

"This is not about criminalizing privacy, but about protecting the European financial system." — Mairead McGuinness, EU Financial Services Commissioner

#EUPrivacyCoinBan #zcash #RegulaciónCripto #DigitalAssetBill