Regulatory chase after privacy-enhancing coins is imminent but their natural structure may challenge the efforts.
The European Union is considering severe restrictions on the use of privacy coins as part of the organization’s anti-money laundering efforts, media reported. The plans were leaked out from an anonymous EU diplomat upon revelation to CoinDesk.
More Regulations Are Coming
According to the source, the legislative deliberation has been processed, the EU lawmakers could consider banning banks and crypto service providers from using the Internet.
If passed, privacy-focused coins including Monero (XMR), Zcash (ZEC), Secret (SCRT), and Dash (DASH) will most likely get hit.
In April, the EU legislators voted in favor of controversial measures to ban anonymous cryptocurrency transactions, a move the industry says would stifle innovation and also drive away investors. The parliament seems to make those coins outlawed under stricter…
