I think this is why they would just follow MiCA'S regulations instead of formulating their own and use the basics with a few add ons for the UK. There is only a few stablecoins that will be allowed and places like Binance have already agreed they will have to keep them separate so as they are not available for the EU users.
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I would argue that they are not going to stop people using a non KYC stable coin that is spent at legitimate businesses with tax numbers.
It is perfect for demonstrating that no money laundering is going on if it is spent for normal purchases on chain at legit, whitelisted businesses that are already registered with the local government anyway.
Soon, there will be a pool that you pay into, from an anon account if you wish, and the payments you make to legitimate whitelisted businesses will be paid from that pool, thus anonymizing your payments, but also provably showing that your payments were made to legitimate businesses for legitimate purchases.
It satisfies both the govt and the pro anon users!
Is there a Marmite vendor that ships to the USA?