China has started to ban cryptocurrency and now it looks like the EU is following suit. The Chinese seem to be preparing the ground for the Digital Yuan and want to get rid of competition while the EU is targeting money laundering in their efforts.

Although there are plenty of other ways to launder money, cryptocurrency is very useful for ransomware. Making it harder to use cryptocurrency anonymously might help make ransomware less lucrative (or at least more difficult to turn into hard currency). When will the US follow suit?