#EUPrivacyCoinBan The European Union has approved the Anti-Money Laundering Regulation (AMLR), which will come into effect on July 1, 2027. This regulation prohibits the use of privacy coins like Monero ($XMR), Zcash ($ZEC), and Dash ($DASH), as well as anonymous cryptocurrency accounts. Furthermore, all crypto transactions exceeding €1,000 will require identity verification. The new Anti-Money Laundering Authority (AMLA) will directly supervise major cryptocurrency service providers in at least six EU countries.