A confusing decision, I thought the EU was a friendly environment for crypto when they already had the MiCA law. I understand that the EU wants to track the flow of money in crypto to detect money laundering, but this law is not good for crypto because it almost goes against the core values related to decentralization and the need for self-custody of assets in the crypto market. Perhaps its sole purpose is to discourage users from self-custody and paying with crypto, I worry that this will be learned by other governments in the future.

I myself don't like this, but to be honest, if I were a member of the government, I haven't found the best solution to balance the freedom of crypto with the government's responsibility to manage. Perhaps a politician with experience with the crypto market can come up with a better solution for this new legal framework.