When you try to control a market it will ALWAYS respond in unintended ways. Bitcoin has this fascinating property that if you try to control it, it'll just go somewhere else and you'll miss out on it. 

Fortunately, this too is good for Bitcoin though. It is going to select out the custodial services and leave behind non-custodial services and everyone will be safer because of it. 

 I'd guess eventually the EU too.
I feel we'll notice those places similarities sadly

nostr:nevent1qqs9gvc9nf9ltrcpf4gy79v2cmawy43j3y69lwhercckfpq9mscmpjsppamhxue69uhkummnw3ezumt0d5pzqwdgk968t0sdk38rz0ul6qe0lhsc8j9t6eycujfj4penxrfv6jrgqvzqqqqqqynqxjp6 

 More of that coming sadly.