EU Committee approves:
🚫 Prohibition of cash payments over €10,000
🆔 Prohibition of anonymous cash payments over €3,000
â‚¿ Prohibition of anonymous crypto payments to hosted wallets without any threshold
This means war on cash and gradual erosion of our financial freedom!
More: https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/
When will this madness take effect?
And what the hell is a "hosted wallet"?
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Maybe a wallet where you are the host and they're the parasites, who knows 🤷
I think with hosted they mean wallets on institutional exchanges like Coinbase. But P2P is possible I think
