The EU has completely banned anonymous crypto accounts and privacy coins from trading

PANews reported on May 3 that the EU officially passed the Anti-Money Laundering Regulations (AMLR), which will prohibit all financial institutions and crypto service providers from providing anonymous encrypted accounts or wallets from July 1, 2027, and will completely ban transactions of privacy coins (such as Monero, Zcash, Dash). The new regulations also require that crypto transactions over 1,000 euros must be mandatory identity verification and a new regulator, AMLA, directly regulates large crypto platforms. (Cointelegraph)