🚨EU’s War on Bitcoin Privacy
A Wake-up Call by nostr:npub1dnzzyhmewrzkh862z7z2shwmhh5htx0rvkagepj2fkgst9ptwg3qj4x52h
The EU is planning unprecedented restrictions on non-custodial #Bitcoin wallets that could reshape global #crypto regulations.
Here’s why every Bitcoiner should care:
• EU regulators are targeting private transactions and self-custody, potentially banning anonymous transfers and mixer services
• The upcoming #MiCA regulations will force stricter KYC/AML on crypto services, directly conflicting with breakthrough privacy tech like Lightning Network and Fedimint
Key Point: This isn’t just a European issue. As a global financial standard-setter, EU regulations typically become the blueprint for worldwide adoption. FATF will use any EU “success” to push similar restrictions globally.
Action Items:
1. Support Open Dialogue Foundation’s advocacy work
2. Educate your representatives about Bitcoin privacy rights
3. Build/Use self-sovereign solutions now
Remember: Your financial privacy is non-negotiable. The time to act is before regulations are set in stone.
