It comes down to this: If the bill passes, each centralized service provider in the EU (exchanges, casinos, payment processors) will have to perform stricter KYC on their customers. Solution: Stop using centralized third-party services. It's that simple, but for many people the alternatives aren't going to be that attractive. How do you trade P2P in a place where almost no one uses Bitcoin and you need fiat? Bisq? Maybe.
Two things can happen:
- People will give in and accept this as the new norm because it's easier.
- We will witness a greater shift from centralized third parties to proper decentralized non-custodial solutions.
It's in human nature to take the easy route. Hopefully, there will be some resistance.