#EUPrivacyCoinBan
Is This the End of Money Laundering?
#EUPrivacyCoinBan
The EU just dropped a new regulation — the Anti-Money Laundering Regulation (AMLR).
Its main goal? To tighten control over crypto and crack down on illegal use, like money laundering and terrorism financing.
Here’s what’s coming:
Access to privacy coins like Monero (XMR) and Zcash will be blocked.
Starting in 2027, any crypto transaction over €1,000 will need ID verification.
A brand-new AML authority will be created to keep a close eye on major crypto platforms.
It’s a bold move, but it looks like a real step toward cleaning up the crypto space.