I sent an annoyed email to EBA (European Banking Authority) telling them that they need to remove the #SatoshiTest from their Travel Rules guidance in EBA/GL/2024/11 (item 83c on page 31).
And that they need to immediately ban the practice. Companies are doing this because they're lazy. On-chain privacy harm is irreversible. The other methods are bad too, but they at least don't put stuff on the chain.
I expect them to ignore my email of course, but who knows.
https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/anti-money-laundering-and-countering-financing-terrorism/guidelines-information-requirements-relation-transfers-funds-and-certain-crypto-assets-transfers
