It's the exchanges that comply that are the problem. In a free market economy, users should support exchanges that steward your assets responsibly without giving them away to government. If no exchanges are like that, then the people should develop alternative infrastructure. It's the government that is the problem, not Bitcoin itself.
To clarify, this has nothing to do with the security of transactions for crypto, which are quite a bit more secure than a bank draft. This has to do with crypto that was delegated to an exchange by the owner, voluntarily, and that exchange handing it over to the government.
This law is like letting your bank give your savings to the government if you don't use it in three years, ie not so much a problem of currency as a problem of grotesquely blatant corruption.
It's the exchanges that comply that are the problem. In a free market economy, users should support exchanges that steward your assets responsibly without giving them away to government. If no exchanges are like that, then the people should develop alternative infrastructure. It's the government that is the problem, not Bitcoin itself.
To clarify, this has nothing to do with the security of transactions for crypto, which are quite a bit more secure than a bank draft. This has to do with crypto that was delegated to an exchange by the owner, voluntarily, and that exchange handing it over to the government.
This law is like letting your bank give your savings to the government if you don't use it in three years, ie not so much a problem of currency as a problem of grotesquely blatant corruption.