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Replying to Avatar Cyph3rp9nk

Happy New Year to all.

2024 has been a good year as far as Bitcoin price is concerned, but a bad year in terms of regulations.

The Travel Rule has come into operation, all 39 FATF member countries (including major ones such as the United States, Canada, Japan and most of Europe) are obliged to implement the Travel Rule in their local legislation.

For those who do not know, the Travel Rule requires the identification of beneficiaries and recipients of transactions over $1000 USD or equivalent.

On the other hand we have the European MiCA legislation that obliges cryptoasset service providers to give a lot of information about their clients to the corresponding tax collection offices.

It is more important than ever that you unsubscribe from all KYC services and start using decentralized and uncensorable services like Robosats or Bisq.

It is also important to create local communities that accept Bitcoin as payment for their services.

The regulators are winning the battle and the circle is closing, don't give me that nonsense about Bitcoin being uncensurable blah blah blah blah, they are making it 100% KYC and if you don't know how to get out of that vicious circle you are just another tax paying moron.

Look at the order book of Bisq or Robosats and you will understand why we are losing the battle, but you can remedy it, these platforms are safe and the more we are the lower the premium and above all accept payment in Bitcoin, avoid having to negotiate for Fiat.

Happy 2025 and take courage to life.

Happy new year 🎊

i always have that thought on the back of my mind. it would be also good if he could do some proof of reserves.

Replying to Avatar Humble Bitcoiner

nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 is the only place that didn’t give me a heads up about the MiCa rules in Europe and how you have to comply to the Travel Rule with transactions above €1,000

Please give us an update nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle

Nice, I'm based in the UK and looking forward to know where I stand :) I know it's outside of the EU but I'm pretty sure there is something in the oven about it

I hold #Mstr shares and I still don't understand why Saylor can't do a proof of reserves and show the world he actually hold the bitcoins

I feel the same (at a lower scale) when I go downtown for a walk and see people buying so many unnecessary things!

I really enjoyed this podcast.. Approaching the FUD era https://fountain.fm/episode/j6jfRqPTSTaLBwXST6P4