Replying to Avatar Jeroen ✅

"The ban applies specifically to hosted or custodial crypto wallets offered by third-party service providers, such as centralized exchanges."

"The new legislation is expected to be fully operational within three years from its entry into force. However, Dillon Eustace, an Ireland-based law firm, expects the legislation to become fully operational earlier."

https://www.tradingview.com/news/cointelegraph:19b989dcb094b:0-eu-committees-approve-ban-on-anonymous-crypto-transactions-via-hosted-wallets/

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realjode 1y ago

Would Hosted also mean on a lightning node hosted by a hosting provider Like #lunanode for example? Bit baffled by that

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Jeroen ✅ 1y ago

Not sure, didn't read the full legislation.

It will prob take a while before they crack down.

https://www.europarl.europa.eu/meetdocs/2014_2019/plmrep/COMMITTEES/CJ12/AG/2024/03-19/1297044EN.pdf

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realjode 1y ago

Thanks, I’m going to take a good look at that. Hosted crypto to my limited understanding would include the lightning network, custodial or not. Those that don’t know how or can’t run their own node could have sats frozen or nabbed by the authorities via the hosting provider? Maybe 🤔 I don’t know enough yet.