They will NOT 'just kill crypto innovation in Europe'. It will allow innovation that has to have a viable business use case and is based on a (fairly) sound and legal basis as opposed to the early scam and scandal ridden Wild West days of ICO's and their later variants such as Ordinals, Runes, meme coins, etc.

Yes it will require records of who owns and runs the businesses. ALL legitimate businesses no matter what they are need that. DeFi projects have people behind the scenes running and maintaining them. Even if just to boost customer confidence in them, those people must be known. You view that as a 'problem' why?

Setting up a platform in a country that does not regulate it will be of zero use to users in the EU (and USA) unless you intend to ONLY use crypto to pay for all of your needs. As soon as you (try to) exchange your crypto into fiat you will be screwed because your assets have no proof of origin.

Come to think of it, even just using crypto for your expenses will not work unless you only deal through the black markets because all reputable vendors will also want 'clean and verifiable' coins/tokens/etc as payment.

They will NOT 'just kill crypto innovation in Europe'. It will allow innovation that has to have a viable business use case and is based on a (fairly) sound and legal basis as opposed to the early Wild West days of ICO's and their later variants.

Yes it will require records of who owns and runs the businesses. ALL legitimate businesses no matter what they are need that. You view that as a 'problem' why?

Setting up a platform in a country that does not regulate it will be of zero use to users in the EU unless you intend to ONLY use crypto to pay for all of your needs. As soon as you (try to) exchange your crypto into fiat you will be screwed because your assets have no proof of origin.

Come to think of it, even just using crypto for your expenses will not work unless you only deal through the black markets because all reputable vendors will also want 'clean and verifiedverifiable' coins/tokens/etc as payment.

Setting up a platform in a country that does not regulate it will be of zero use to users in the EU unless you intend to ONLY use crypto to pay for all of your needs. As soon as one exchangesyou (try to) exchange your crypto into fiat you will be screwed because your assets have no proof of origin.

Come to think of it, even just using crypto for your expenses will not work unless you only deal through the black markets because all reputable vendors will also want 'clean and verified' coins/tokens/etc.

Setting up a platform in a country that does not regulate it will be of zero use to users in the EU unless you intend to ONLY use crypto to pay for all of your needs. As soon as one exchanges into fiat you will be screwed because your assets have no proof of origin.

Come to think of it, even just using crypto for your expenses will not work unless you only deal through the black markets because all reputable vendors will also want 'clean and verified' coins/tokens/etc.