That's a positive way to spin the AMLD5 LOL. Banks based in EU won't need to ban crypto related transactions because they won't have difficulty getting information anymore.
Looking at it from a crypto enthusiasts who value privacy and anonymity perspective, it means giving more detailed personal information to exchanges, payment processors, gambling sites, and other services that handles cryptocurrencies.
For exchanges, it means more burden with the added reporting requirements.
The new rules require crypto exchanges and custodial service providers to register with their local regulator and demonstrate compliance with thoroughgoing know-your-customer (KYC) and anti-money laundering AML procedures.
https://www.coindesk.com/european-crypto-firms-brace-for-higher-costs-as-amld5-takes-effect