#EUPrivacyCoinBan

**EU Strengthens Crypto Oversight with New Anti-Money Laundering Rules**

The **European Union (EU)** has officially adopted the **Anti-Money Laundering Regulation (AMLR)**, introducing stricter rules for **cryptocurrency transactions** to combat financial crime.

**Key Changes Under the AMLR:**

✅ **Ban on anonymous crypto wallets** – Self-custody wallets must now comply with identity checks.

✅ **Privacy coins prohibited** – Coins like **Monero (XMR), Zcash (ZEC), and Dash (DASH)** will no longer be allowed due to their untraceable nature.

✅ **Mandatory KYC for transactions over €1,000** – Exchanges must verify user identities for larger transfers.

✅ **New EU AML Authority (AMLA)** – Will supervise high-risk crypto platforms starting in **2027**.

**Debate: Privacy vs. Security**

🔹 **Supporters argue** this prevents **money laundering, terrorism financing, and tax evasion**.

🔹 **Critics warn** it undermines **financial privacy** and sets a precedent for **government overreach**.

**What Do You Think?**

Should governments ban **private digital transactions**? Or is this a **necessary step** for security?

📢 **Share your thoughts!**