#EUPrivacyCoinBan The European Union has officially adopted the Anti-Money Laundering Regulation (AMLR), which will come into effect on July 1, 2027. One of the most controversial aspects of this law is the prohibition of private cryptocurrencies such as Monero (XMR), Zcash (ZEC), and Dash.

The key points of the regulation are as follows:

All privacy-focused cryptocurrencies will be banned.

Anonymous cryptocurrency accounts and wallets will no longer be allowed.