Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans
The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill.
The plans from Czech officials, who are chairing talks among EU governments on the proposed law, would represent the latest nail in the coffin for anonymous means of payment following tough new rules agreed over the summer.
“Credit institutions, financial institutions and crypto-asset service providers shall be prohibited from keeping …anonymity-enhancing coins,” said a legislative draft, dated Nov. 9, which has been circulated to the bloc’s other 26 member states for comment.
Source: Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans
