#EUPrivacyCoinBan EU has adopted a new policy to combat money laundering, namely that soon privacy coins and anonymous cryptocurrency wallets may be banned. This entire effort is part of the EU's attempt to combat money laundering crimes. Thus, the EU is trying to eliminate any attempt at private or anonymous cryptocurrency transactions, cutting off unregulated exchanges and Bitcoin operators. The aim is to outlaw anonymous Bitcoin wallets. It is still unknown when this law will come into effect, but it is said to violate investors' right to privacy. Those who use exchanges, as well as those who use Bitcoin ATMs, will be affected.