#EUPrivacyCoinBan The European Union will enforce new Anti-Money Laundering (AML) regulations by July 2027, banning anonymous crypto accounts and privacy coins like Monero and Zcash. The Anti-Money Laundering Regulation (AMLR) aims to enhance transaction traceability and combat illicit activities. Crypto-asset service providers must comply with strict customer due diligence measures, and the EU’s Anti-Money Laundering Authority (AMLA) will oversee compliance. The move has sparked debate over privacy concerns versus the need for transparency in the crypto sector.