#USStablecoinBill EU Ban on Privacy Coins: Key Details**

1. **Effective Date**:

- The **Anti-Money Laundering Regulation (AMLR)** will fully prohibit anonymous crypto accounts and privacy coin transactions **starting July 1, 2027** .

2. **Scope of the Ban**:

- **Banned Coins**: Monero (XMR), Zcash (ZEC), and Dash (DASH) are explicitly targeted due to their anonymity features .

- **Affected Entities**: Banks, financial institutions, and crypto service providers (exchanges, wallets) in the EU will be barred from offering these coins or facilitating transactions .