#EUPrivacyCoinBan EUPrivacyCoinBan

The European Union has approved strict new Anti-Money Laundering (AML) regulations that will ban anonymous crypto accounts and privacy-focused coins like **Monero $XMR, Zcash $ZEC , and Dash (DASH)** starting July 1, 2027.

Key Details:

- The new rules aim to increase transparency in crypto transactions.

- Exchanges and custodial wallets must now verify user identities for all transactions.

- Privacy coins, which obscure transaction details, will no longer be allowed in the EU