'Under the proposals, a company transferring crypto-assets for a customer would be obliged to include their name, address, date of birth and account number, and the name of the recipient.
David Gerard, author of Attack of the 50 Foot Blockchain, told the BBC: "This is just applying existing rules to crypto. This has been coming since 2019."
He said that although these were European proposals their impact would reach much further.
"If you want to make real money, you have to follow the rules of real money," he said.
Perfectly sums up why the whole notion of 'free demicratised' cryptocurrencies were always doomed to fail.
A few millennials trying to change the world against the might of centuries old insitutions was never going to happen.
