People worried about the upcoming EU rules.

I have been thinking about it for a while, and what really stands out to me is....how is this different from what we have now in most European countries?

Yes, you wil need to kyc the wallet you use to withdraw from exchanges with, but what is stopping you from sending it to a third wallet afterwards? the rules will be enforced by exchanges, not in the defi space itself.

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Am i being silly or it that simple? the new rules will force people to hold an extra wallet to continue to operate in anonymity.

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Then there is the issue of people having to declare where the funds came from when depositing into an exchange and wanting to withdraw to a bank account.

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Well, is` this not the case right now? when you gain a sum of money, will the taxman not ask where you got it from? if you live in a country with some really hardass rules on taxes that require you to go full source, yes it can be rather difficult to explain you earned it through, staking, crowdloans, nft´s etc.

But other than more paperwork, isn´t this something we were already doing?

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don't get me wrong, i am all for doom and glome every now and then, but i just don't see it here.

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Ofcourse i never enjoy regulations, it comes with the territory of being in crypto. but i am definitely not at, sell my crypto now level, not even close.

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If i am missing something obvious please help me panic .