A couple comments on the FUD:
1) The EU is actually extremely hypocritical. The 500 euro banknote is the highest denomination banknote in the world.
Here is an interesting BBC article on the criminal uses of this note:
http://news.bbc.co.uk/2/hi/8678979.stm As the article notes in some countries these notes are know as "bin ladens".
"The 500 euro note is really the note of choice among criminals.
"We estimate that more than 90% of the 500 euro notes that are provided in the UK have actually gone into the hands of serious organised criminals."
etc etc
2) What is never discussed is the possibility that bitcoin can also be used by the good guys to pay the contractors that inhabit the nether lands of mercenaries, informers, information providers etc etc.
3) The big problem for the Russki's is that BTC can be used to move money outside of the country.
A $1,000,000 in 500 notes can be carried in your jacket pockets. 3 bundles measuring 2" thick and weighing a pound each. As you imply the criminals choice currency. Dont worry about the EU it would take around 4 years for them to form a comitteee then sub comittees to even discuss it. Sweden's feminist government would have to ensure that the comittee was gender neutral and if ISIS terrorists were in fact using bitcoin how banning it might affect multiculturism. France meanwhile would be out on a two to three hour lunch break along with Spain Portugal Italy and Greece. The UK thankfully dont like regulation of currency markets and were instrumental in ensuring that trading in Bitcoin in Europe remains VAT free. So these reports are in fact fud we live in a connected world where there will always be a way to trade.