#EUPrivacyCoinBan The European Union has formally adopted the Anti-Money Laundering Regulation (AMLR) to strengthen the oversight of cryptocurrencies. The new rules will ban anonymous cryptocurrency wallets and privacy coins like Monero, Zcash, and Dash. Starting in 2027, all cryptocurrency transactions over 1,000 euros will require identity verification, and a new AML authority will oversee large platforms.

Should governments have the power to ban private digital transactions? Or is this a necessary step to prevent abuse and protect users?

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