#EUPrivacyCoinBan The European Union has taken a decisive step by announcing the ban on privacy coins such as Monero (XMR), Zcash (ZEC), and Dash, as well as anonymous crypto accounts, starting from July 1, 2027. This measure, part of the new Anti-Money Laundering Regulation (AMLR), aims to increase transparency and combat illicit activities in the crypto sector.
Impact on the crypto market:
- Exchanges and service providers will have to eliminate support for privacy coins and require identity verification for all transactions over €1,000..
- A decline in liquidity and use of these assets within the EU is expected, as users seek alternatives to preserve their anonymity.
- The debate between privacy and regulation intensifies: for some, the measure is a blow to financial freedom; for others, a necessary step for institutional adoption and system security.
- The DeFi sector and decentralized projects may be marginalized in the European market, and privacy innovation could migrate outside the region.