#EUPrivacyCoinBan The European Union will ban privacy coins and anonymous crypto accounts starting July 1, 2027, under its new Anti-Money Laundering Regulation (AMLR). This regulation prohibits financial institutions and crypto-asset service providers from supporting privacy-focused cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash (DASH), and from maintaining anonymous accounts . The EU aims to enhance financial transparency and combat illicit activities by mandating identity verification for crypto transactions over €1,000. A new supervisory body, the Anti-Money Laundering Authority (AMLA), will oversee compliance, directly supervising major crypto firms operating within the bloc .