This is a completely logical sequence of events, considering that the EU, like the US, is very aggressive towards everything that is decentralized, and what's more, profitable. Everything they do actually leads to the complete establishment of control when it comes to cryptocurrencies, while on the other hand they completely turn their heads from the hundreds of billions that are laundered through banks and tax havens around the world.
All that they are doing will probably discourage part of the users who will give up investing in cryptocurrencies, while the rest will be treated as potential criminals in every transaction they want to make.