#EUPrivacyCoinBan

Start of implementation: July 1, 2027

Decision: Ban on cryptocurrencies that conceal user identities (such as Monero, Zcash, and Dash)

Reason: Combatting money laundering and financing of terrorism

Accompanying measures:

Prohibit anonymous wallets and accounts

Mandatory identity verification for any transaction exceeding 1000 euros

Supervisory authority: A new body called AMLA will monitor digital currency companies

Controversy: The decision raises concerns among privacy advocates, but is welcomed by transparency supporters

Market impact: Mixed reactions, some cryptocurrencies temporarily rose