Gov Design: They are trying hard banning unidentified selfcustody crypto wallets \ stacker news ~Design

Gov Design: They are trying hard banning unidentified selfcustody crypto wallets www.europarl.europa.eu/meetdocs/2014_2019/plmrep/COMMITTEES/CJ12/AG/2024/03-19/1297044EN.pdf

251 sats \ 18 comments \ @Design_r 24 Mar Design

...but will be not hard enough.

Germany specifically

🇩🇪 Decided by the EU Committee: 🚫 Prohibition of cash payments over 10,000 € 🆔 Prohibition of anonymous cash payments over 3,000 € ₿ Prohibition of anonymous crypto payments to hosted wallets, even for small amounts

This means war on cash and creeping financial incapacitation – not with us #Piraten !

source: https://twitter.com/echo_pbreyer/status/1770853123633877233

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161 sats \ 1 reply \ @TomK 24 Mar

Keep on fighting, guys. The EU is in deep trouble and we will win!

25 sats \ 0 replies \ @Design_r OP 24 Mar

I don't think it's a fight. We just need to opt out, voluntary, silently, non-violently! Fighting still meaning you recognize their imposed "power".

136 sats \ 1 reply \ @DarthCoin 24 Mar

Compliance is what will kill Bitcoin

0 sats \ 0 replies \ @Design_r OP 24 Mar

👌

10 sats \ 0 replies \ @jgbtc 24 Mar

Now they have an enforcement challenge to contend with. They will find out how completely ineffective government is against Bitcoin.

10 sats \ 0 replies \ @DiedOnTitan 24 Mar

on the prevention of the use of ~~the~~ our financial system for the purposes of money laundering or terrorist financing

Competition is heating up.

0 sats \ 0 replies \ @0xIlmari 24 Mar

The EU has fulfilled its purpose and ran its course. Time to dissolve it.

0 sats \ 5 replies \ @Catcher 24 Mar

Can someone give me an example where you will need an " anonymous crypto payments to hosted wallets, even for small amounts" ?

0 sats \ 4 replies \ @badabing 24 Mar

Buying stuff from bitrefill, silent.link, etc.

0 sats \ 3 replies \ @Catcher 24 Mar

So Bitrefill will have to do kyc in Europe then?

0 sats \ 2 replies \ @badabing 24 Mar

I'm guessing so, yes.

0 sats \ 1 reply \ @Design_r OP 24 Mar

would VPN work then?

0 sats \ 0 replies \ @Catcher 24 Mar

I don't think so. I think they will implement Kyc based on the product, not a country. Like if you want to buy a gifcard for Amazon.de it doesn't really matter what country you are from, it matters that's it's .de so you have to do kyc to buy it. But we will see how it works in ~ 1 month.

0 sats \ 2 replies \ @jeff 24 Mar

Prohibition of drugs, alcohol, works great.

0 sats \ 1 reply \ @Design_r OP 24 Mar

Do you think? They make it illegal so they can have the monopoly and jail anyone else doing it.