Honestly, this is probably the most terrifying development in crypto regulations since the government decided we were worth paying attention to, but it also isn't unexpected. People have been telling me for as long as I can remember that the government is developing all of this specialized software to monitor and track blockchains, which maybe they are, but it really doesn't make that much sense to me when exchanges are the obvious weak point when it comes to peacefully carrying out our business without their interference.
KYC was no surprise when it started becoming the norm with the U.S. exchanges, so people started using things like Binance, who of course got pressured into not serving U.S. customers, and at this point I think anyone heavily involved and invested into crypto understands on some level the nature of the game we're playing here in creating an alternative to the legacy monetary system.
The government derives all of its power from the ability to print money and use violence against. As long as they have a monopoly on those two abilities they have nothing to really fear from us aside from a French Revolution, but realistically that's not going to happen with the level of indoctrination people are subjected to throughout childhood.
People are going to have to get a lot smarter in how they handle their affairs or "pay the man." Perhaps even both to some extent as there's likely already enough of a data trail on most people to ever dream of not being on the radar at some level. Who knows what the future holds, but they were never going to let us successfully do this whole crypto thing without some serious resistance.
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You're right: people who rule us consider using the blockchain technology in their advantage by creating a central bank digital currency. What do you think about that?