I haven't seen the actual proposed regulations but it sounds as if it could based on this response from one of the Parliament members who opposed it:

https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/

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Seems like LN wallets are fucked, but IANAL 🐶🐾🤷‍♂️

Does not sound good. And that acronym leaves room for humorous interpretation 🤭

It’s from the /. days of the internet 🐶🐾🤣

I Am Not A Lawyer

As my old boss would say "Yes, and..." 🤣🤣