The European Union has officially enacted new regulations to combat money laundering (AMLR), which include a ban on privacy-focused cryptocurrencies and anonymous accounts starting from July 1, 2027.

This step aims to align digital assets with traditional financial systems in order to reduce illicit economic activities.

What are the banned cryptocurrencies?

The targeted cryptocurrencies include:

Monero (Monero - XMR)

Zcash (Zcash - ZEC)