⚡️🇫🇷 ALERT - It's official. In France, mixers and privacy coins are now considered by default as an indicator of suspicious activity. The law has been adopted.

The Rubicon has been crossed.

If you don't want to reveal your wallet holdings with every payment, you're guilty of money laundering by default.

396 votes against 68, with main opposition from the Parti de la France Insoumise ...

In other words, there are 396 people whose existence relies on the taxes of the French who have decided overnight that you're criminals by default if you use Lightning, ZKPs, and loads of other technologies that "enable the anonymization or opacification of crypto-asset transactions", even if that's not the intended use of their users.

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Discussion

Will ACINQ/Phoenix have to move or add KYC?

Phoenix is based in France?

I believe so

“Founded in 2014, ACINQ is a French startup building products and services for the Bitcoin ecosystem. We are based in Paris, France.”

https://acinq.co/about

Ledger is there, too. Time to GTFO and move your companies somewhere sane.

Why are they all in France in the first place

Where else can you get two months of paid vacation every year?

The founders are French !

Good question. I think not, but who knows.

France, the land of rebels.

nevent1qqsfgvsfqds9sze5yxzye2gk592qevn32xx86eu7xyew0w9flvemhegpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgmcl6f2

nice step to china's privacy-kill laws.

what's next ?

#4ursecurity

Seems to me when it comes to "cash" transactions, the only legal solution that doesn't reveal anything about you would be something like Opendime.

Would be funny if everyone just kept... Using lightning

The individual politcians and the government of France are bad agents & should be regarded as highly suspicious & corrupt puppets.

nostr:nevent1qqsfgvsfqds9sze5yxzye2gk592qevn32xx86eu7xyew0w9flvemhegpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzd0ppq29uzurflavp569g2ms4khtjwuw6f0pne80l6g69k7kukkvpsgqqqqqqszrwvy4

Where my Monero niggas at?

This has always been expected in the "then they fight you" stage.

Private cryptocurreny and taxation can not co-exist. It's eternal freedom or eternal coercion only.

If you are not prepared for going dark you'll have a hard time in the next decade.

Monero price is where it is due to price suppression, bad shaming, delstings and fear of making it illegal.

Now that it's official made illegal what else are they going to do. It's a litmus test. If Monero and opsec really work they will have no clue what is going on in the underground or behind every "reported" transaction. You can fully or oartially agree to do things off the records, but becsure that both trade partners know about their respective opsec risks.

Here

Les français sont des tapettes.

The French crossed into Russia also. How did that go for them?

I’m a criminal 💪 let’s goooo

Délinquant !

The takeaway here is that it was a huge mistake circa 200 years ago to allow majorities to write laws.

We know the song. Next, they’ll declare all holdings in self-custody as suspicious.

The authoritarian drift in Europe is rambling. Then we take the piss out of Russia and China! It's getting much worse here

*sigh* it seems like every government in the world is trying to tighten the leash on its population...

Is liquid network considered privacy network aswell? I am curious to know what 'indicator of suspicious activity' implies...

In a totalitarian surveillance state that depends on mass theft to function, free thinkers and privacy are not welcome.

The French have always been pussies.

Please need to stop worrying about what gov does or says.

😊👌

And what if the people keep using them?

By default if its private its private and the government doesn't know - especially if you use some due diligence when using the lightning network.

Communism at it's finest.