The title is far more alarmist than what I interpret it to be. Basically, if you use a centralized exchange, all bets are off and any expectations of privacy yo

The title is far more alarmist than what I interpret it to be. Basically, if you use a centralized exchange, all bets are off and any expectations of privacy you have are greatly reduced, so you're expected to comply to AML/KYC whenever withdrawing and depositing, so not really much of a change there. Peer to peer transactions are out of scope for this and any attempts at enforcing any law there would be nightmarish to say the least. This is not to say I exactly like this, but it's more of tightening a screw rather than installing a whole new set of them.