We had to implement (unfortunately) account verification for users who want to use the app. So for us, nothing changes
nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v uropeans are nuts 😵💫
Now you have to proof ownership of every single adress (!) when recieving or sending to an exchange 😅
https://bisonapp.com/en/blog/transfer-funds-regulation/
nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v are you going to also implement such a peak stupidity move?
#bitcoin #tofr #eu #stupidstr
Discussion
Great news! So no „satoshi-tests“ when sending to or from selfhosted wallets?
This is what our lawyer told me:
"The Travel Rule applies when one of the parties involved in the transaction is a CASP (Crypto Asset Service Provider) and for transactions exceeding €1,000. It does not apply to transactions between self-custodial wallets (i.e., when a user sends funds from their own non-custodial wallet to another non-custodial wallet)."
Are you considered a CASP?
nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v are you considered a CASP or a self custodial wallet?