Subnostr

New AML regulations coming in the EU targeting, from my understanding, anonymized payments to "hosted" wallet providers. Doesn't sound like a direct ban on "unhosted wallets" (stupid term) but would have implications on p2p payments.

The Fishcake (nostr.build) 1y ago

Ok, so I assume they mainly target ETF/exchanges (hosted wallets) and not self custody of the keys. I wonder if it impacts LN and WoS/Alby wallets 🐶🐾🤔

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Discussion

corndalorian 1y ago

I haven't seen the actual proposed regulations but it sounds as if it could based on this response from one of the Parliament members who opposed it:

https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/

The Fishcake (nostr.build) 1y ago

Seems like LN wallets are fucked, but IANAL 🐶🐾🤷‍♂️

corndalorian 1y ago

Does not sound good. And that acronym leaves room for humorous interpretation 🤭

The Fishcake (nostr.build) 1y ago

It’s from the /. days of the internet 🐶🐾🤣

I Am Not A Lawyer

corndalorian 1y ago

As my old boss would say "Yes, and..." 🤣🤣