Even if only in Europe I think this is terrible, and the same for the proposed legislation of effectively banning bitcoin in the US. I hope none of these pass.

However, maybe we should start thinking that the world is a huge place and that not everything is EU and US. Maybe, they will become shitholes worth escaping, and give way for other countries to set the bases for becoming world powers, the ones that embrace freedom and sound money. It would certainly not be the first time in history that this happens.