#EUPrivacyCoinBan XMR 🔥🔥France bans private cryptocurrencies! In a shocking decision, France announced a ban on cryptocurrencies that offer strong privacy like Monero (XMR) and money laundering platforms like Tornado Cash, which has sparked a wave of debates about the future of financial privacy in the digital world.
Why is this decision dangerous?
- The end of financial privacy? Governments want to nullify any transaction that cannot be traced.
- Monero and Tornado Cash were among the last tools enabling secret transactions.
- Are we going to see a wave of global bans? France could be the beginning for other countries like the United States and Germany.