#EUPrivacyCoinBan #crypto The EU has finalized its Anti-Money Laundering Regulation (AMLR), banning privacy coins like Monero, Zcash, and Dash, as well as anonymous crypto wallets, by July 1, 2027. The regulation requires full identity verification for transactions over €1,000 and prohibits crypto service providers from supporting anonymous accounts. The Anti-Money Laundering Authority (AMLA) will oversee major providers, with a centralized register to track account holders by 2029. The decision aims to curb illicit activities but has led to significant price drops for affected coins and poses compliance challenges for crypto businesses.

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