This article explains the blueprint for how US and EU intend to enforce this—and how you can protect your funds without surrendering your privacy.
Is this safeguarding crypto or choking decentralization? Food for thought.This is an eye opener for those who already have the insight for the need to have privacy, because you can't be having your Bitcoin with other third party institutions and expect privacy being maintained in such manner, you will not escape it, this is why we must learn to have non custodial wallet that can help have our assets intact to secure our fund on them, not your keys not your coins, get privacy or lose your asset.