The European Union has banned "Unhosted" or anonymous #Bitcoin    wallets 🤯

Regulators went from saying Bitcoin is a joke to now wanting to take control of it

Let's see what happens

Governments want everyone to continue to use government-issued currencies like the Euro, a currency that lost over 50% of its purchasing power since the early 2000s

I don't think most people will comply

And if they don't... how will the rule be enforced?

The point of Bitcoin is to transfer something of value to someone else

We are just using a different form of barter

This is why Bitcoin will be so successful in peer-to-peer transactions

If you own non-KYC Bitcoin, nobody can stop you from transacting

Important note: self-custody and self-custody transactions are outside the scope of these regulations