The applications of natural laccases are greatly restricted because of their drawbacks like poor biostability, high costs, and low recovery efficiency. M/NC single atom nanozymes (M/NC SAzymes) are presenting as great substitutes due to their superior enzyme‐like activity, excellent selectivity and high stability. In this work, inspired by the catalytic active center of natural enzyme, a biomimetic Fe/NC SAzyme (Fe‐SAzyme) with O2‐Fe‐N4 coordination is successfully developed, exhibiting excellent laccase‐like activity. Compared with their natural counterpart, Fe‐SAzyme has shown superior catalytic efficiency and excellent stability under a wide range of pH (3.0–9.0), temperature (4–80 °C) and NaCl strength (0–300 mm). Interestingly, density functional theory (DFT) calculations reveal that the high catalytic performance is attributed to the activation of O2 by O2‐Fe‐N4 sites, which weakened the O─O bonds in the oxygen‐to‐water oxidation pathway. Furthermore, Fe‐SAzyme is successfully applied for efficient aflatoxin B1 removal based on its robust laccase‐like catalytic activity. This work provides a strategy for the rational design of laccase‐like SAzymes, and the proposed catalytic mechanism will help to understand the coordination environment effect of SAzymes on laccase‐like catalytic processes.