#EUPrivacyCoinBan

The European Union has decided to ban privacy coins like Monero and Zcash starting July 2027, as part of a new anti-money laundering law. The use or trading of these currencies will be prohibited within the union, and strict rules will be imposed on digital currency platforms, including banning anonymous wallets and requiring identity verification. The goal is to increase transparency, but the decision has sparked controversy over its impact on user privacy.