#EUPrivacyCoinBan **EU Moves to Ban Privacy Coins Amid Crackdown on Anonymous Crypto**

The European Union is pushing to ban privacy-focused cryptocurrencies like Monero (XMR) and Zcash (ZEC) as part of stricter anti-money laundering (AML) regulations. The new rules, part of the wider Markets in Crypto-Assets (MiCA) framework, aim to prevent anonymous transactions, requiring all crypto transactions to be traceable.

Privacy coins, which obscure transaction details, are seen as high-risk by regulators. Critics argue the ban infringes on financial privacy, while supporters claim it’s necessary to combat illicit activities. Exchanges may soon delist such coins to comply.

The move aligns with global efforts to increase crypto oversight but raises concerns about overreach and innovation stifling. Final approval is pending.