My interpretation - entities like @coinbase won’t allow you to send to an unregistered wallet. 

This is an attempt to close in transacting in bitcoin within KYC forums. Not good and not a good look EU. 

Give it a week for US lawmakers to point to this as inspiration. https://image.nostr.build/56214bb01e811354fd47b3bf9d2cd6aa0b6c9fe97ab88f17b620bba20a0c3833.jpg