Anyways what do people think about this. Share your wisdom please.
There is no wisdom here, the matter is more than clear if you look at how many countries within the EU have hashrates higher than 1% - and accordingly what such a law would mean for Bitcoin globally. If the data is correct, only Germany has more than that (about 3%), and all other countries together may have as much.
Incompetent EU bureaucrats are looking for a scapegoat for the energy crisis that they created themselves, and anyone who believes that such a ban would help bring about something positive is really living in the illusion that Bitcoin mining is something that is a threat to anyone or anything.
In addition, there are even some geniuses who admit that such a ban does not make much sense, but there are still many more who believe that the ban on Bitcoin mining in the EU means the end of Bitcoin. The ban in itself doesn't make much sense, but all other laws and regulations are going in the direction of the EU becoming less and less friendly to Bitcoin. Some laughed when I wrote in the past that the EU is not so far from China in this respect, and in the years to come we will be able to see how EU democracy works.