Are privacy coins doomed? Europe is stepping in to regulate the crypto space, here’s what you need to know.
#欧盟隐私币禁令 In recent years, cryptocurrency trading has become extremely popular. Bitcoin, Ethereum, and a bunch of random altcoins are rising rapidly. Some have made a fortune from this, while others have used it to run away or commit fraud. Now, the EU can't sit idly by and has introduced a new Anti-Money Laundering Regulation (AMLR), stating that from 2027 onwards, cryptocurrency transactions over 1,000 euros must be under real names, and 'privacy coins' like Monero and Zcash are directly banned. Upon hearing this news, some people exploded, shouting about 'restricting freedom' and 'violating privacy'. But honestly, for us ordinary people, this regulation actually makes a lot of sense.
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