#EUPrivacyCoinBan EUPrivacyCoinBan The European Parliament has officially approved a new regulation to combat money laundering (AMLR), which will come into effect on July 1, 2027, and includes a direct ban on the use of certain cryptocurrencies known as "privacy coins" within EU member states.

What are the key points of this law?

1. Ban on Privacy Coins

The use of cryptocurrencies that obscure the sender's, recipient's, and amount data will be prohibited, such as:

Monero (XMR)

Zcash (ZEC)

Dash (DASH)

by providers of crypto asset services (such as platforms and wallets).

2. Prohibition of anonymous accounts and wallets.