Cryptocurrency exchanges like Binance, Coinbase and Kraken could be forced to collect the details of people sending and receiving crypto under new rules proposed by the European Commission.

The proposed rules would require cryptocurrency exchanges to collect customers' identifying information, bringing them in line with the "Know Your Customer" (KYS) rules already imposed on other financial institutions.

The new law would also establish a new EU-wide anti-money laundering authority (AMLA) with oversight of cryptocurrencies by 2023.

EU states and the European Parliament have the final say on the proposals, meaning it could take two years for them to become law.

I agree that this is concerning. But this seems a bit different than the headline, which portrays it as a guaranteed thing that is going to start happening as soon as possible.

I can't be the only one who's bothered when a headline says "will", but the text of the article says "could".

Not giving people accurate timelines or realistic expectations makes them worse at perceiving reality, not better.