The European Union has enacted the Anti-Money Laundering Regulation (AMLR), which will ban privacy coins such as Monero, Zcash, and Dash from EU-regulated platforms starting July 1, 2027. This regulation also mandates identity verification for cryptocurrency transactions exceeding €1,000 and prohibits cash payments over €10,000. The initiative, led by the European Parliament and Council with support from the AMLA and European Banking Authority, aims to enhance oversight of digital asset transactions. While the regulation is expected to increase compliance costs for exchanges and wallet providers, potentially affecting liquidity and trading volumes for privacy coins, privacy advocates have raised concerns about its impact on privacy rights.