Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home

Government: Only criminals use cash and crypto! Privacy advocates: Actually, this is not true... Government: makes cash and crypto illegal what do you say now, punks?

This is where open block chains fail. A good open block chain won't disallow the transaction, but since it is open, the owner of the wallet can be fined or jailed after the fact. Coinjoins don't work since they depend on most people doing it, most people not being KYCed, and most people not making a mistake that would cause them to be KYCed. This just doesn't happen. Breaking a transaction up into several transactions just under the limit makes you more of a target since it's obvious what you're doing. By all means, try to defeat this measure politically and form common cause with the cash/gold/silver bros, but recognise that even if you win, we're only one 9-11 or COVID-19-like crisis away from losing. The only real solution are private block chains like Monero and non-cash unit of accounts like gold, silver, rice, dried beans, or outright barter.

they're going one step at a time towards their goal : cashless CBDC society. watch them shrink the legal cash payment amount more and more from there

They will trample your God given rights to make enforcement as convenient as possible rather than respecting individual liberties, every time. This erosion of the protection of our rights must be reversed or we can only expect revolution. Let's hope Europe sets the example for liberty that us Americans seem to have forgotten, but I'm not holding my breath.

Big news

They also point out that cryptocurrency is affected.

Only custodial wallets.