#EUPrivacyCoinBan
The European Union is planning to **ban privacy coins and anonymous crypto wallets** by **2027** under its new **Anti-Money Laundering Regulation (AMLR)**[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.livebitcoinnews.com/eu-plans-privacy-coin-and-anonymous-wallet-ban-by-2027/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1")[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://99bitcoins.com/news/legal/privacy-coins-face-eu-ban-under-new-aml-rules-starting-2027/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2"). This means cryptocurrencies like **Monero (XMR), Zcash (ZEC), and Dash**—which focus on transaction privacy—will no longer be allowed in the EU[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://99bitcoins.com/news/legal/privacy-coins-face-eu-ban-under-new-aml-rules-starting-2027/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
The regulation aims to **increase transparency** in digital transactions and **prevent illicit financial activities**[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://www.livebitcoinnews.com/eu-plans-privacy-coin-and-anonymous-wallet-ban-by-2027/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). Crypto asset service providers (CASPs) will be required to **verify customer identities** and **monitor transactions**, with stricter controls on transfers over **1,000 euros**[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://99bitcoins.com/news/legal/privacy-coins-face-eu-ban-under-new-aml-rules-starting-2027/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
The EU is also establishing a **new Anti-Money Laundering Authority (AMLA)** to **directly supervise** crypto businesses operating across multiple member states[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://99bitcoins.com/news/legal/privacy-coins-face-eu-ban-under-new-aml-rules-starting-2027/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "2").
This move has sparked **debate**—while regulators argue it will **combat financial crimes**, critics worry it could **undermine financial privacy** and **limit decentralized finance*
