> "These proposals have been designed to find the right balance between addressing these threats and complying with international standards while not creating excessive regulatory burden on the industry," the European Commission said.

Lol are they KYCing recipients of payments? Could it be anymore excessive? Such a weird double standard too compared to cash.

Another source https://www.reuters.com/technology/eu-tighten-rules-cryptoasset-transfers-2021-07-20/

dolu

SHADOWY_SUPER_STACKER

this may be an attempt to bring Bitcoin privacy in the EU down to the level of the privacy disaster of the upcoming EU/ECB CBDC