If you translate this AML crypto bill to a cash payment it would be something like:
In every cash payment the serial numbers of the bills have to be logged together with the ID of the customer.
And: when you get cash out of an ATM the bill's serial numbers are logged to your id.
Crazy.
Perfect comparison. Europe is no more innovation driving force. The Block is overburdened and overregulated. Maybe GB decision on leaving EU was a right one.