the problem with this is that hosted wallets are often eshops and those are the ones that have to comply.
so you would have your lightning wallet and can't pay anyone legally
so what they are really promoting is the emergence of parallel markets and proxy merchants. I guess they really don't want taxes from the Bitcoin economy.
nostr:note1tl2fw4h2ysypcm2h7j9xc0x9c6ujwtsgqvtjun8f06c6yrzsuc3qu38cgn
Bring on the grey markets!
don't want taxes ... yet
when they realize what they've done, it will hopefully be too late
this is the lunarpunk way
this is going to be awesome 🥰
💯! Wishing for it! Let’s see what ppl prefers in the long run
The fear is bitcoin/LN to slowly become currency. This is what this law targets first of all. And don’t imagine it will stop here. Slowly they are closing on/off ramps and no commercial transactions without a controlled intermediary will be allowed.
The EU Commission (puppets of the US swamp rats) is destroying Europe.
they are pushing away controlled counterparties first and foremost.
that means creating a huge grey market
What about brick and mortar shops? Mom and pop shop, small merchants?
I might be wrong, but the difference used to be - if they use a payment GW, that is a regulated VASP ("virtual asset service provider", yes, lol), but if the shop just receives in their wallet (like using Breez or Zeus PoS, or their own Btcpayserver), it's still a P2P transaction.
EU beaurocrats are of the worst kind. They will fail because they don't even understand what is the thing they are trying to regulate
Exactly my thoughts too.
