#EUPrivacyCoinBan The European Union has enacted the Anti-Money Laundering Regulation (AMLR), set to take effect on July 1, 2027, banning privacy coins like Monero, Zcash, and Dash, along with anonymous crypto accounts. This move aims to enhance financial transparency and combat illicit activities by requiring identity verification for crypto transactions over €1,000. The new Anti-Money Laundering Authority (AMLA) will oversee compliance, directly supervising major crypto service providers across the EU.