I think the gov will try to stop the bankless endeavours. Pay your taxes or go to jail.
It is simple - only KYC is not illegal - it also means an easier shift towards digital money & complete control with mantra - only official gov money is allowed.
There is danger don't you think?
I doubt they can stop the blockchain technology now. They may slow it down. If taxes are what they want, one can go bankless and still pay taxes. I don’t think declaring wallet addresses is a requirement for taxes. With bitcoin spot ETFs it is highly unlikely governments will do anything against financial giants like BlackRock, etc.