#EUPrivacyCoinBan

Europe hardens its stance: the ban on privacy cryptocurrencies is approved

The European Parliament has green-lighted a regulation that prohibits the use of privacy-focused cryptocurrencies, such as Monero (XMR) and Zcash (ZEC), within the regulated services of the European Union. The decision, which aims to strengthen measures against money laundering, has generated a strong reaction in the crypto community, which defends privacy as a fundamental pillar of decentralization. Investors and projects will have to adapt to this new regulatory landscape, while the debate between security and privacy intensifies in Europe.