No. I don't want to specifically speak about YouTube or Google, but normally when you use a system, for whatever application you use, they send you an improved version. Let's say it's version 6.1. They ask you if you consent, yes or no, and underneath the “yes” are the terms of acceptance, which are usually two pages of fine print that nobody reads. But if you actually push “yes”, by having done that, you have given explicit consent.
That's how all responsible applications work. This legislation basically forces everybody to do the same thing. Before I can put something on your system, I need your consent. It's up to you to read the consent or not.