BREAKING: Europe introduces new ‘money laundering laws’.
Cryptoasset service providers must make checks on customers who carry out transactions worth €1k or more. There will also be an EU-wide maximum limit of €10k for cash payments.
Go and f* yourself: https://www.investing.com/news/commodities-news/eu-agrees-on-stricter-rules-to-combat-moneylaundering-and-capture-cryptoassets-3276927
"money laundering" and "financial crime" are bullshit terms. Stealing money is theft. Just like any other theft. It is not a financial crime just like stealing a bicycle is not a bicyclist crime.
But the worst of all is that by using these vague terms (just like many others in many areas) they are trying to trick people into thinking that using stolen money to buy something is a crime. Like stolen money becomes dirty. Even worse - under dirty money they cover not only stolen, but any money that government is not happy for somebody to own. This is all bullshit. If a thief uses the money he stole, he does not become a worse criminal. He is exactly the same as the one who steals and does not use it. Because stealing is the only crime. Nothing else in this story is a crime.
Travel rules, EU, and things like that make me sick.
