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#EUPrivacyCoinBan The EUโs Anti-Money Laundering Regulation, effective July 1, 2027, bans privacy coins like Monero, Zcash, and Dash, and anonymous crypto accounts. Financial institutions and crypto asset service providers cannot handle these assets or maintain untraceable accounts. Transfers over โฌ1,000 require identity verification. The Anti-Money Laundering Authority will enforce compliance, targeting major providers. Critics decry the loss of financial privacy, impacting activists, while supporters cite curbing illicit finance. X posts highlight fears of centralized control, with some promoting decentralized exchanges to evade restrictions. The ban may reduce liquidity, increase volatility, and depress privacy coin adoption in the EU.
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