The funniest thing is that fraud will still continue to exist but they are making moves that will make people have no privacy and this will indirectly be connected to lack of freedom later
just like this one.
This is not just about the ban on privacy coin like monero but mostly about banning anonymous accounts.
They want to ban anonymous accounts and privacy coins by 2027.
They started KYC/ AML if I am not wrong.
They led the trend of regulatory attacks against stable coins.
They intended to shut down Monero in many years, cooperarted with Chainalysis to break down Monero but failed so far.
Let me share an old news in 2022.
EU Moving to Ban Privacy Coins: Report. Even I believe that they will level it up with time and come with something more severe in future but for now it is a like a recooked news for fud.