🚨 BREAKING: EU to Ban Privacy Coins and Anonymous Crypto Accounts by 2027 
In a significant regulatory development, the European Union has announced plans to ban privacy-focused cryptocurrencies and anonymous crypto accounts starting July 1, 2027. This move is part of the EU’s new Anti-Money Laundering Regulation (AMLR), aiming to enhance financial transparency and combat illicit activities in the crypto space.  
🔒 What’s Being Banned?
Under the AMLR, financial institutions, banks, and crypto-asset service providers (CASPs) will be prohibited from: 
• Maintaining anonymous crypto accounts.
• Handling privacy-preserving cryptocurrencies such as Monero (XMR), Zcash (ZEC), and Dash.  
Additionally, any crypto transaction exceeding €1,000 will require full identity verification, aligning crypto transactions with traditional banking standards. 
