#EUPrivacyCoinBan

The European Union officially adopts the Anti-Money Laundering Regulation (AMLR), which will come into effect on July 1, 2027. One of the most controversial parts of this law is the ban on privacy-focused cryptocurrencies such as Monero (XMR), Zcash (ZEC), and Dash.

Key highlights of the regulation:

All privacy-focused cryptocurrencies will be banned.

Anonymous cryptocurrency accounts and wallets will no longer be permitted.