#EUPrivacyCoinBan Coin Ban – Easy Summary
1. Privacy Coins Will Be Banned 🔒🚫
The EU will stop the use of coins like Monero and Zcash that hide users’ information. This rule starts on July 1, 2027.
2. No Hidden Crypto Accounts ❌👤
Crypto companies won’t be allowed to give people anonymous or hidden accounts.
3. ID Checks for Big Transfers 🆔💸
If someone sends or receives more than €1,000 in crypto, they must show their identity.
4. New EU Crypto Watchdog 🕵️♂️🏢
A new EU office will make sure these rules are followed and will watch big crypto companies.
