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2 sats \ 1 reply \ @om 30 Jun 2022 \ on: The EU has reached a deal on the TFR (AML rules) (P2P excuded, verification needed only when transfer > 1000€ from exchange to priv. wallet) bitcoin

What are they trying to achieve, exactly?

Before: user's exchange wallet -> somebody else

After: user's exchange wallet -> [ANNOYING VERIFICATION] -> user's non-custodial wallet -> somebody else

so what's the point?

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0 sats \ 0 replies \ @faithandcredit 30 Jun 2022

Their job is to legislate. Any law is better than no law in their mind i think.

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