On July 1, 2027, the European Union officially passed the Anti-Money Laundering Regulation (AMLR), prohibiting financial institutions from providing anonymous cryptocurrency accounts or wallets with cryptocurrency service providers, and fully banning the trading of privacy coins (such as Monero, Zcash, Dash). The new regulation also requires mandatory identity verification for cryptocurrency transactions exceeding 1,000 euros and establishes a new regulatory body, the AMLA, to directly oversee large cryptocurrency platforms. This initiative aims to enhance financial transparency and combat money laundering and terrorist financing activities. However, it has also raised concerns about user privacy rights. Some investors may seek to continue trading privacy coins in regions with looser regulations (such as Dubai). This move marks an important step for the EU in cryptocurrency regulation and could have far-reaching effects on the global cryptocurrency market.