#EUPrivacyCoinBan

The European Union has approved the Anti-Money Laundering Regulation (AMLR), which will come into effect on July 1, 2027.

One of the most controversial parts of this law is the ban on privacy coins, such as Monero (XMR), Zcash (ZEC), and Dash.

All privacy-focused cryptocurrencies will be prohibited. Anonymous cryptocurrency accounts and wallets will no longer be allowed.