#EUPrivacyCoinBan
• The EU will ban privacy coins under the new Anti-Money Laundering Regulation (AMLR) starting
July 1, 2027.
• Cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash will no longer be supported.
• Crypto-asset service providers will be barred from handling anonymous crypto accounts or
privacy tokens.
• Identity verification will be mandatory for crypto transfers exceeding €1,000.
• The regulation aims to combat money laundering and enhance transparency.
• Critics argue the ban threatens financial privacy and may hinder crypto innovation in the EU.
• This marks a major regulatory shift in the European crypto landscape.