#EUPrivacyCoinBan The European Union is set to enforce the Anti-Money Laundering Regulation (AMLR) from July 1, 2027, banning anonymous crypto accounts and privacy coins like Monero and Zcash. Financial institutions and crypto service providers must verify identities for transactions exceeding €1,000, overseen by the new AMLA authority. Aimed at curbing illicit financial flows, the regulation has sparked debate over privacy rights and innovation stifling. Critics argue it could undermine decentralized finance and restrict financial privacy for users and activists. The EU’s move may reshape the crypto market, with global attention on whether other regions will follow suit.