⚖️🇪🇺#EUPrivacyCoinBan Pending Matters Continue Regarding Cryptocurrency Regulation in the European Union:
The EU will implement the regulation known as Anti-Money Laundering Regulation (AMLR), which will mean:
* Prohibition in 2027 of anonymous cryptocurrency wallets and privacy coins like Monero, Zcash, and Dash.
* Mandatory identity verification for any crypto transaction exceeding 1,000 euros.
* Creation of a new European AML authority to oversee the sector and ensure compliance.
The goal is:
* Strengthen the fight against money laundering and illegal activities in the crypto space, seeking a safer environment.
A debate is raised about:
* The balance between security and the protection of privacy and financial freedom in digital transactions.
* The need for users to be informed and reflect on the implications of these regulations.
