According to reports, the newly established Anti-Money Laundering Authority (AMLA) of the European Union officially began operations this month, warning virtual asset service providers such as cryptocurrency exchanges and custodial wallets to strictly comply with new anti-money laundering regulations. The chairman of AMLA stated that member states will review the actual beneficiaries and shareholder backgrounds of platforms to prevent money laundering and terrorist financing risks. The new regulations prohibit services related to anonymous wallets and privacy coins, and require cryptocurrency companies to provide regulatory authorities with "direct, immediate, unfiltered" access to account data by no later than July 2027.