Ban cash, but it has to look smart.

https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica

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Exact text

Recital 56 of MiCA

“Transfers of crypto-assets should include information on the originator and the beneficiary of the transfer. This requirement should apply equally to transactions involving so-called unhosted wallets when interacting with wallets managed by crypto-asset service providers.”

I don't know when people are going to wake up to the fact that the EU is a growing totalitarian state, but I sure hope it's soon.

Also, fuck them. Unenforceable.