As someone working in the financial industry, I can confirm that KYC requirements imposed by the EU are kind of nuts for every financial institution. Not only because (to some extent) they harm privacy beyond any reasonable suspicion that someone can commit money laundering, but the fact just mentioned creates a very dangerous way of thinking. Basically, European policymakers are telling financial institutions: “operate as if all your clients are fraudsters, even if there’s no reasonable proof of this fact”. I find this deeply disturbing, and borderline disgusting to be honest. [...]
Nation-states understand Bitcoin perfectly well. Since they understand it, they don't want to use it — it "kinda sorta" demonetizes them. They'll accept it, but I bet they'll put up their own alternatives for "the reserve currency." [...]