#EUPrivacyCoinBan
The European Union is cracking down: by 2027, anonymous crypto wallets and privacy coins like Monero, Zcash, and Dash will be banned.
The goal? To combat money laundering through the new AMLR regulation. The result? Every crypto transaction over €1,000 will require identity verification, and a new anti-money laundering authority will oversee major platforms.
Binance has already restricted access to several of these tokens in Europe, including France, Italy, Spain, and Poland. However, under community pressure, some of these decisions were later reversed.
Should governments have the power to ban private digital transactions? Or is this a necessary step to protect users and prevent abuse?