#EUPrivacyCoinBan

The European Union has announced a comprehensive ban on privacy-focused cryptocurrencies, including Monero (XMR), set to take effect in 2027 as part of its Anti-Money Laundering Regulation (AMLR). This move aims to enhance financial transparency and combat illicit activities by prohibiting "privacy-preserving coins" that obfuscate transaction details.

Major cryptocurrency exchanges have already begun responding to regulatory pressures. In 2024, Binance delisted Monero, citing compliance concerns. Similarly, Kraken suspended Monero trading and deposits for users in the European Economic Area (EEA) by the end of 2024.