The EU is taking aim at self-custody wallet payments, increasing the tracking of crypto transfers, and banning privacy coins such as Monero. Many of these changes are to take place this week.
H/t: nostr:npub1nxa4tywfz9nqp7z9zp7nr7d4nchhclsf58lcqt5y782rmf2hefjquaa6q8
So... It's gonna be illegal to know of a number larger than 1 trillion?
stack monero đ€
#eulag â€ïž eulag subjects
Des empĂȘcheurs de tourner en rond, de plus chaque pays a son autoritĂ© des marchĂ©s financiers.. Comme bientĂŽt la France va diriger le chantier de la prochaine monnaie numĂ©rique europĂ©enne Ecash , ils initient dĂ©jĂ des projets de lois qui risquent d'empieter le secteur de la cryptomonnaie qui se dĂ©veloppe de plus en plus dans le 'Europe Ă la suite des confĂ©rences Bitcoin au sein de l' Eurooe
Vieni a prenderlo, Ursula đđ»
"The parliament is also asking the commission to report back on whether these provisions would need to be changed in three years time to fit with Europeâs plans to roll out a digital identity framework."
fuck this dystopia
"In both regulations, purely decentralised protocols are left out."
Often overlooked fact is that decentralised systems are not only difficult to stop in practice, but also appears difficult to stop in law.
since these restrictions are placed on the off-ramps of crypto, such as exchanges, couldn't these regulations just accelerate the Bitcoin circular economy as the solution to getting around them is to just not off-ramp?
