#EUPrivacyCoinBan

The EU is moving to ban privacy coins like Monero and Zcash under new anti-money laundering regulations. The aim is to increase financial transparency and limit anonymous transactions. This decision is raising concerns among privacy advocates who argue it threatens financial freedom and user privacy. Supporters say it's necessary to combat crime and terrorism financing. If passed, crypto platforms operating in the EU would be prohibited from supporting these privacy-focused coins. The final approval is expected later this year.