Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.
And you thought governments were going to let Bitcoin get away? Governments had two options, to ban Bitcoin, which is useless, or to regulate it and try to control it, which is what they are doing.
"Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market."
That's nothing. Legislation on the way from the European Union, of which a draft has already been approved, will implement KYC for all crypto transactions, of any amount:
Goodbye, privacy, goodbye, it was nice while it lasted.