The EU will ban anonymous crypto accounts by July 2027.
Every transaction above €1,000 will need your ID.
Privacy is becoming extinct.
Use your Bitcoin wise
What does that mean in practice? All businesses accepting crypto (not just MSBs) must do KYC on the customer?
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the coffee shop is in compliance if it uses bitpay and the customer pays with strike. they're KYCed on both ends
Right but what if someone uses their own wallet to pay at the coffee shop? Will the coffee shop be required to KYC?
