~snip
If they indeed continue to be restrictive when it comes to crypto, what do you think could be the consequences especially when a lot of other countries are openly embracing bitcoin?
I don't know why, but I'm confident that they can't put a stop to Bitcoin.
You see, what the EU are after is just the financial privacy when you try to look at the whole context. Bitcoin transaction can certainly be traced, but their intentions to impose same rules on every existing Cryptocurrency (both privacy and none privacy), means that there are other agendas.
Do you think that EU is doing the right thing or will they just go back on their words after seeing other countries get ahead with bitcoin?
They certainly know that they are doing the wrong thing, that looks almost right in the eyes of the law.
They can't control Bitcoin,
They don't have any back door access
They don't decide who gets and who doesn't.
So, we shouldn't expect anything less than tough regulations.