To give this a positive spin: The EU promotes self-custody.
EU Parliament Passed DAC8: Crypto Service Providers Will Have to Report All Transaction Information on EU Clients
Crypto service providers and operators will have to report on all transactions involving EU clients, effective Jan. 1, 2026.
https://www.nobsbitcoin.com/eu-parliament-dac-8-surveillance/
Discussion
Lemons to Lemonade!