#EUPrivacyCoinBan

The European Union is preparing to ban anonymous crypto accounts and privacy-focused coins like Monero, Zcash, and Dash by 2027. This move comes under the new Anti-Money Laundering Regulation (AMLR), aiming to tighten control over crypto activities and prevent illicit transactions.

According to the new rules, any crypto transaction exceeding €1,000 will require identity verification. The EU is taking these steps to ensure better transparency and to reduce the risk of crypto being used for illegal purposes.