#EUPrivacyCoinBan The European Union is considering a ban on privacy coins and self-custody wallets as part of its anti-money laundering (AML) regulations. Privacy coins like Monero, Zcash and Dash offer enhanced anonymity features, making them popular among users seeking financial privacy. However, their anonymity also makes them attractive to cybercriminals, prompting EU regulators to take action. The proposed ban aims to increase transparency in the crypto space and prevent illicit activities. If implemented, banks and crypto exchanges in the EU would be prohibited from handling privacy coins, and users of self-custody wallets would face restrictions on payment capabilities.¹ ²