Every time they want to restrict your freedom, they use money laundering and terrorism financing as an excuse.
The traceability rules are intended to curb the use of crypto for money laundering and terrorism financing by bringing in compliance requirements for crypto service providers
“Every time they want to restrict your freedom, they use money laundering and terrorism financing as an excuse.” Money laundering is what 9% of crypto is used for, the other 90% is scamming. The minority 1% is people buying and selling it like an asset.