The EU's "Anti-Money Laundering Regulation" (AMLR) will come into full effect in 2027, prohibiting anonymous crypto accounts and privacy coins (such as Monero and Zcash) transactions, requiring mandatory KYC verification for transactions over 1000 euros. The new regulations aim to combat money laundering but have sparked privacy rights controversies, leading some exchanges to delist privacy coins. The regulatory body AMLA will oversee compliance, and privacy coins may need technical upgrades (such as selective disclosure) to adapt. The market is facing liquidity shrinkage, with investors turning to compliant assets.