EU to Ban Privacy Coins and Anonymous Crypto Wallets by 2027: Major Impact on Crypto Trading Strategies | Flash News Detail
The recent announcement from the European Union about a planned ban on privacy coins and anonymous crypto wallets starting in 2027 has sent ripples through the cryptocurrency market, impacting trader sentiment and specific asset prices as of May 2, 2025, at 14:30 UTC when the news broke on social media platforms like Twitter via user AltcoinGordon (Source: Twitter post by AltcoinGordon, May 2, 2025). Privacy coins such as Monero (XMR) and Zcash (ZEC) experienced immediate price declines following the announcement, with Monero dropping by 7.2% from $128.45 to $119.20 between 14:30 UTC and 16:00 UTC, and Zcash falling 5.8% from $23.10 to $21.76 in the same timeframe on Binance (Source: Binance trading data,…
