Venkyy

#EUPrivacyCoinBan The European Union (EU) is advancing comprehensive regulations under its Anti-Money Laundering Regulation (AMLR) framework, aiming to ban privacy-focused cryptocurrencies and anonymous wallets by 2027. This initiative targets cryptocurrencies like Monero (XMR), Zcash (ZEC), and Dash (DASH), which are known for their enhanced anonymity features. The proposed measures would prohibit financial institutions and crypto-asset service providers from handling these privacy coins, as well as from managing anonymous or pseudonymous crypto wallets These regulations are part of a broader effort to increase transparency in digital financial transactions and to combat illicit activities such as money laundering and terrorism financing. The AMLR framework also includes provisions for the establishment of the Anti-Money Laundering Authority (AMLA), which will oversee compliance across EU member stat