They can make their ruling, now let them enforce it.
I don't mean that as some pithy throwaway, I mean that they lack the resource and ability. It is quite possible (and quite easy) to buy and sell crypto without ever getting involved with a KYC privacy invasion. A crypto transaction involves sending a few hundred bytes of data onto a distributed network, and good luck shutting that down.
Keep in mind that governments historically have a poor record of preventing people from sending and receiving data they'd prefer you didn't.
I don't mean that as some pithy throwaway, I mean that they lack the resource and ability. It is quite possible (and quite easy) to buy and sell crypto without ever getting involved with a KYC privacy invasion. A crypto transaction involves sending a few hundred bytes of data onto a distributed network, and good luck shutting that down.
Keep in mind that governments historically have a poor record of preventing people from sending and receiving data they'd prefer you didn't.