#EUPrivacyCoinBan Regulation (AMLR), effective July 1, 2027, will ban privacy coins like Monero, Zcash, and Dash, alongside anonymous crypto accounts, to combat illicit financial activities.
š«øš»Under Article 79, financial institutions and crypto asset service providers (CASPs) are prohibited from handling anonymity-enhancing cryptocurrencies or maintaining anonymous accounts. This aligns crypto regulations with traditional banking, mandating Know Your Customer (KYC) checks for transactions exceeding ā¬1,000.
