There is no ban on self custodial wallets.
Only thing it says if you're sending to kucoin, wallet of satoshi or anybody who custodies your coins. That part needs KYC
Not great, but the rest is fakenews
Discussion
Follow the schedulle. In compliance with the new order: until 2026 at least 44 countries will be exchange data KYC and TYC between himselves based customers that did transfers between his trading exchange. i.e.: John is American. And He takes a withdrawal from a wallet from a custody exchange in Spain, and transfer his amount to her friend Mary in Switzerland. Whell, the exchange in Spain will notify the USA that John did a Transfer. While the Switzerlanded Exchange, too will be notifies the born's country of Mary. Long Life to OECD Fake Freedom
This part is true the tracking is accelerating fast.