The European Union meanwhile adopted its Markets in Crypto-Assets regulation this year for comprehensive oversight to protect investors and consumers alike.
Well, that's the public face motive, and I don't doubt that this is partly the case. But especially in the case of bitcoin, which is a currency that escapes them, that they cannot control, I doubt very much that those are the main reasons. In fact, what the current legislation is trying to do is to control it, something like the gold market, where practically the only trades without KYC are P2P.