#EUPrivacyCoinBan The European Union has announced plans to ban privacy coins and anonymous crypto accounts by July 1, 2027, as part of its updated Anti-Money Laundering Regulation (AMLR). This move aims to increase transparency and prevent illicit activities in the crypto space.

*Affected Privacy Coins:*

- *Monero (XMR)*: A popular privacy-focused cryptocurrency that enables untraceable transactions.

- *Zcash (ZEC)*: A decentralized and privacy-focused cryptocurrency that allows users to shield their transactions.

- *Dash*: A cryptocurrency that offers optional privacy features through its PrivateSend functionality.

*Key Implications:*