#EUPrivacyCoinBan

Ban on Privacy Coins: Cryptocurrencies that prioritize user anonymity, such as Monero (XMR), Zcash (ZEC), and Dash, will no longer be supported by exchanges within the EU.

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Prohibition of Anonymous Accounts: Crypto service providers will be required to collect and verify customer identification, effectively banning anonymous crypto accounts.

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Transaction Monitoring: Any crypto transaction exceeding €1,000 will necessitate full identity verification by platforms.

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Establishment of AMLA: A new agency, the Anti-Money Laundering Authority (AMLA), will oversee compliance, directly supervising up to 40 crypto asset service providers across at least six EU countries.

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