#EUPrivacyCoinBan
The European Union has officially adopted the Anti-Money Laundering Regulation (AMLR), which includes a complete ban on anonymous cryptocurrencies (privacy coins) such as Monero, Zcash, and Dash, starting from July 1, 2027.
Key Points:
Ban on Anonymous Currencies: Trading or providing services for any currency that focuses on hiding identity is prohibited.
Prohibition of Anonymous Accounts: All cryptocurrency service providers must implement "Know Your Customer" (KYC) procedures.
Transaction Tracking: The identity of both the sender and receiver must be verified in transactions exceeding 1000 euros.
Establishment of a New Supervisory Body (AMLA): To monitor compliance of major service providers in the European market.
Impact:
The decision aims to combat money laundering and the financing of terrorism, but raises concerns about undermining the privacy of ordinary users, journalists, and activists.
