#EUPrivacyCoinBan The regulation specifically targets privacy-preserving cryptocurrencies like Monero, Zcash, and Dash. CASPs will be prohibited from handling these types of coins. The EU argues that these coins can be used to obscure transactions, facilitating illicit activities and money laundering.

* Rationale: The EU's decision is driven by a commitment to combat money laundering and ensure transparency within the financial system, extending these principles to the crypto space.