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

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

What are the banned cryptocurrencies?

The targeted cryptocurrencies include:

Monero (Monero - XMR)

Zcash (Zcash - ZEC)