The European Union is moving toward banning privacy coins like Monero (XMR), Zcash (ZEC), and Dash under new AML (Anti-Money Laundering) regulations. The proposed #EUPrivacyCoinBan aims to eliminate the use of cryptocurrencies that allow anonymous transactions, citing crime prevention as the main reason. But critics argue this is a direct attack on financial privacy and digital rights.

Privacy coins offer legitimate protection for users who want to keep their financial activity confidential—just like how people expect privacy in traditional banking. Banning them could drive innovation and users underground, weaken the EU’s stance on digital rights, and set a troubling precedent.

Supporters of privacy coins say the focus should be on education and smarter regulation, not blanket bans. As the EU finalizes its rules, many are urging lawmakers to consider the broader implications for privacy, innovation, and the future of decentralized finance.