Both, I'd say But what politicians are interested in is the anti-privacy movement, i.e. they want to know more and more about us, especially our finances, automatically. The talk about avoiding money laundering, etc., while true, is the least of their concern, it is an excuse to justify the other.
I agree, it is more about restricting bitcoiners from using BTC privately, than a fight against money laundering. The sad part is that it can only get worst, we've seen how many privacy tools have been attacked and forced to shut down, many more will also face the same fate, it is going to be very hard or almost impossible to use BTC privately in a few years.
These wallets need to be very carefully controlled by the user. If the user forgets and transfers coins from this wallet to a centralized exchange with KYC, his anonymity will be revealed.Therefore, I recommend all lovers of anonymity to stay away from centralized exchanges.
Centralized exchanges should obviously be avoided by anyone who cares about their privacy, once you complete kyc, you have lost your privacy and it is very hard to regain it. There are recommended p2p exchanges for lovers of privacy and anonymity.