On May 1, 2025, the EU will implement the Anti-Money Laundering Regulation (AMLR), which will fully ban privacy coins (such as Monero, Zcash, Dash) and anonymous crypto accounts starting from July 1, 2027. This move aims to combat illegal fund flows, requiring all Crypto Asset Service Providers (CASPs) to implement strict Know Your Customer (KYC) measures and verify identities for transactions exceeding €1,000. Furthermore, the EU will establish an Anti-Money Laundering Authority (AMLA) to directly oversee major crypto service providers operating across multiple member states. This ban marks a comprehensive end to the anonymity of cryptocurrencies in Europe, posing significant challenges for the future of privacy coins.