#EUPrivacyCoinBan The European Union has finalized a decision to ban privacy coins and anonymous cryptocurrency wallets by July 1, 2027, as part of its Anti-Money Laundering Regulation (AMLR). This move aims to reduce illicit economic activity and align digital assets with traditional financial systems.

*Affected Privacy Coins:*

- *Monero (XMR)*: Known for its private and untraceable transactions

- *Zcash (ZEC)*: Offers selective transparency, allowing users to shield their transactions

- *Dash*: Features a private spending option