It is not only bitcoin payment but other cryptocurrencies.
I have just seen this on X. I think it will be true.
BREAKING
NEW EU AML LAWS BAN ALL ANONYMOUS CRYPTO PAYMENTS.
ANY CASH PAYMENT ABOVE €10,000 WILL BECOME ILLEGAL, WHILE ALSO ANONYMOUS CASH PAYMENTS ABOVE €3,000.
https://twitter.com/Ashcryptoreal/status/1771470306848170399?t=Mos0R80oSD44bjinonMJww&s=1Government just want control when there paper fiat is anonymous. But this is rubbish because some people will still use noncustodial wallet for transactions.
Stupid law.
So, OP what are you expecting their motive with the ETF's they just want to accumulate the maximum supply here in my view to suppress the market and eliminate the concept of self-custody again with their shity tactics.
I'm super curious why retail investors trust ETFs to buy Bitcoins for them when they can interact with the market themselves and can have a better value compared to the ETF's so-called service.
At the same time, it's sad to hear but fortunately, we are not facing any such situations for now except for the corrupt officers of the FBR, they demand data from the centralized exchanges and track down the users to take advantage of them by using that data to blackmail them, as still there's no clear stand of Paksitani government on the crypto market.