According to reports from Wu, the EU has officially passed the Anti-Money Laundering Regulation (AMLR), which will prohibit financial institutions from providing anonymous cryptocurrency accounts or wallets with crypto service providers starting from July 1, 2027, and ban transactions involving privacy coins. The new regulations require that cryptocurrency transactions exceeding 1,000 euros must undergo mandatory identity verification, and a new regulatory body, AMLA, will directly oversee large cryptocurrency platforms.