[bjeds]

Do you live in Europe?

If you don't then what you say make some sense, but the European Union think differently.

The EU ban things all the time.

For example: inefficient vacuum cleaners banned: https://www.bbc.com/news/business-41119355

Light bulbs banned (this didn't originate from the EU, but the EU were early)

High watt hair dryvers banned https://www.telegraph.co.uk/news/worldnews/europe/eu/1106153...

Single use plastic banned https://time.com/5560105/european-union-plastic-ban/

[bingbong70]

Banning cutting edge fintech from Europe is basically choosing to go back into the dark ages... This talent/capital will relocate quite easily.

Bonus, Bitcoin makes capital flight and regulatory arbitrage much easier. Hostile governments will pay a large penalty.

[cinntaile]

Yes I live in the EU. The difference is that there is a more efficient alternative available, this is not the case here.