I was talking about this possibility years ago when FATF revealed their suggestions, that late became plans. And people were laughing that i was fudding, that i have underestimated cryptos and basically i don't know what i am even talking about...And how governments can't shut down privacy coins, and how privacy coins are more important then ever, because regulator intervention.

And sure privacy is important, however coins are way over priced if exchange needs to move away from centralized exchanges and ability to change to other cryptos overall.
And while i am an optimist and see that some privacy coins could technically exist. Zero knowledge allows us to have selective privacy that would make regulators happy, but laws about this will drag behind and it will be a difficult battle. And then there's the issue that privacy with decentralization isn't a cheap process. And the end result of regulatory compliant crypto probably solve the original problem, that monero for example tried to solve. But it can solve some problems. Time shows if they are worth it.