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0 sats \ 1 reply \ @south_korea_ln 15h \ on: btcmap.org Europe vs USA bitcoin_beginners
Afaik in the EU it's far worse in terms of laws and relugations
In my limited experience, I think lots of Americans have a distorted view of European regulations. Yes, there is a lot (too much) of it, but lots of it is there to protect people's rights. Think, for instance, GDPR. It's great for individuals, much less so for companies.
The General Data Protection Regulation (GDPR) is a European Union law that aims to protect the privacy and security of personal data about individuals in the European Economic Area (EEA). It sets out detailed requirements for organizations on how they collect, store, and manage personal data. The GDPR applies not only to organizations within the EU/EEA but also to those outside the EU/EEA if they process the personal data of individuals within the EU/EEA or offer goods or services to them
This example is, of course, quite different from the Bitcoin regulations, but I could imagine MiCa has also provided legal clarity for businesses wishing to interface Bitcoin with their fiat accounting system. Lots of American companies complained about the Biden administration trying to choke anything crypto related.
Many countries in the EU also don't make you pay taxes when selling Bitcoin, unlike the US.
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0 sats \ 0 replies \ @88b0c423eb OP 10h
it's funny how GDPR only works against companies, but the govt is free to have all of our data. I am much more concern about the govt in that regard, even though big corporations are a branch of the state in the end.
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