The fundamental problem in Europe is the perception that companies are inherently ill-intentioned, requiring micro-management through massive bureaucracy. It is a moralising and irresponsible attitude that older people can afford to adopt, but like so many other things, it hits younger generations mercilessly hard.
This is a general approach applied also to the population.
In Europe there is a particular concept of freedom.
The CBDC, the “Digital Euro”, will be nail in the coffin.
In Italy they’re pretty advanced with the Digital ID, for example.