#EUPrivacyCoinBan The European Union plans to ban privacy coins and anonymous cryptocurrency wallets by 2027 according to the new Anti-Money Laundering Regulation (AMLR) 1 2. This means that cryptocurrencies like Monero (XMR) and Zcash (ZEC) - designed to enhance transaction privacy - will no longer be supported by financial institutions and cryptocurrency service providers within the EU 2. The regulation aims to increase transparency in digital transactions and combat financial crimes by banning pseudonymous cryptocurrency accounts and privacy-centric coins 1. Cryptocurrency asset service providers (CASP) will be required to verify customer identities and monitor transactions, aligning cryptocurrency regulations with traditional financial systems.