#EUPrivacyCoinBan The European Union's proposed ban on privacy coins like Monero (XMR) and Zcash (ZEC) has sparked significant debate. While regulators aim to curb illicit activities such as money laundering and terrorism financing, critics argue that this move undermines financial privacy and innovation. In 2023, Binance initially planned to delist several privacy coins in countries including France, Italy, Spain, and Poland but reversed the decision after community feedback and regulatory adjustments. The EU's Markets in Crypto-Assets (MiCA) regulations, effective from May 2023, require exchanges to monitor transactions, challenging the core anonymity features of privacy coins. As the EU tightens its stance, the crypto community continues to advocate for a balance between regulatory compliance and the right to privacy.