This will give the rest of the forum members an idea of what may be coming in the near future in their countries, especially in Europe.
There will always be a solution to every problem. If Europe becomes very stringent on Bitcoin operations, bitcoiners will be forced to move out and search for other better nations. This will make them lose huge investments, employment opportunities, and tax revenue. I didn't think there will ever be any consensus among nations regarding cryptocurrencies. Every nation will have its policy on the currency.
If you utilize any centralized organization, it's impossible to safeguard your privacy completely. This implies that if you conduct any transactions with a centralized exchange or wallet linked to a bank, your transactions would be reported to the government. The most secure method to manage your funds is through non-custodial wallets and Decentralized exchanges. Moreover, you can convert your currency through peer-to-peer (p2p) exchanges.
They know that the sector is growing rapidly and it will be a good source of revenue. So they want to regulate the cryptocurrency ecosystem so that they can collect taxes. The best option is to avoid centralized exchanges. But in some countries, the P2P system is functional forcing people to rely on these centralized platforms.