"In the European Union in 2024, updated anti-money laundering rules were passed that prevent crypto-asset service providers from allowing privacy-enhancing cryptocurrencies or tokens to be listed, stored, sold, or purchased via their services. This updated legislation did not make peer-to-peer privacy token transactions or their self-custody illegal. "
The interesting/weird thing is that these developments were happening with hardly any publicity.
Its apparently still developing with more regulations likely down the line. And some EU countries go further on their own with bans and surveillance.
This development started earlier in the year as I found out now. Kraken notified that they will delist all privacy coins aling with other exchanges in October. Some EU countries banned them already like Poland and some others have too.
You can look it up, to see for yourself.
