The European Union just took a big step:
Privacy coins like Monero (XMR), Zcash (ZEC), and Dash (DASH) are set to be banned from regulated crypto exchanges under new AML rules.
Here’s what’s happening:
1. What’s Banned?
Coins with built-in privacy features that hide wallet addresses, transaction amounts, or sender info.
2. Why?
The EU cites Anti-Money Laundering (AML) risks, saying privacy coins hinder traceability and compliance.
3. What It Affects:
• Centralized exchanges must delist privacy coins
• Custodial services may stop supporting them
• P2P and DEX platforms might see increased demand
4. Community Reaction:
Supporters say this is a direct attack on financial privacy. Others argue it’s needed for mass adoption and regulation.
5. What’s Next?
Developers may push harder for zk tech and decentralized alternatives to keep privacy alive.
Is this the end of privacy coins in the EU — or the start of a new chapter in crypto privacy?
