The European Parliament today adopted by a majority vote an AML Regulation that:

🔻 on the one hand - contains important provisions to combat crime,

🔻 on the other hand - results in a significant reduction in financial freedoms, increased risks of abuse of AML regulation by dictatorial regimes, and attacks on self-hosted wallets, crowdfunding and privacy instruments, as well as a lack of protection against financial exclusion and unwarranted de-risking.

Informally, we have heard from MPs and some regulators that the main reason for the weakening of the EP's position in defence of privacy and financial inclusion remedies has been the strong demand for security protections during public consultations before Trilogue process. Both media, academics, banking and crypto-asset industry representatives - all of them are 'happy' about the upcoming #AMLR, as you can see in influencer publications.

❗️To change the situation, it is crucial:

🔻 to have a serious public debate on the importance of privacy of payment instruments, protection of crowdfunding, financial inclusion during and immediately after the European Parliament elections.

🔻 your activism will determine how much politicians elected to the #EU institutions understand the social importance of #bitcoin  for the protection of financial freedoms, how AML/CFT laws are actually abused for political persecution of critics, and how banking systems of authoritarian countries are used for large-scale laundering of dirty money, circumventing sanctions and undermining the democratic order in the EU.

🔻 we need to build a strong community in defence of privacy and financial freedoms in the EU, as US bitcoin community did and continue to defend their #freedomtech.

🔻let's unite to achieve this goal before this draconian law goes into power in 2027.

It's not enough to just complain on social media or pack your bags. We need our voice to be heard and defend our rights so that every MP, academic, journalist from your region in the EU understands why privacy and the financial freedoms that bitcoin gives you are important to you and them, so that this topic becomes an agenda in the public space.

It's called defending your civil and human rights freedoms.

Ready? RT, and write + under the post to join campaign.