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Everybody who ever thought that crypto currencies will not come under this scrutiny was highly delusional. All other governments will follow soon.
I understand anti-EU sentiment, but who uses bitcoin for something different than transfering illegal funds and speculation? I understand Ethereum and other smart contract cryptocurcies, but time when people believed Bitcoin is going to become currency are long gone
A lot of people. You just have to NOT live in a country that uses a currency that could be considered a global reserve to find us.
I understand anti-EU sentiment, but who uses bitcoin for something different than transfering illegal funds and speculation? I understand Ethereum and other smart contract cryptocurcies, but time when people believed Bitcoin is going to become currency are long gone
I've used eth twice for motorcycle purchases from private sellers. Perhaps it's useful in for medium-large purchases.
Earlier quoted context omitted.
> In practice, this means that a service provider exchanging crypto on behalf of a customer would have to record their name, address, date of birth and account number, as well as the name of the intended recipient of the transfer. As usual, the regulation checkpoint is at the exchanges.
And what happens when you transfer it to a mixer? A self-hosted wallet? Or the EU regulate exchanges to the point you can't transfer your Bitcoin to a wallet you own?
Why not? The EU regulates banks to the point that you can’t transfer money to an account in North Korea. It’s not obvious why Bitcoin exchanges should be regulated differently (as you can’t prove the random Bitcoin address isn’t controlled by NK).
This is going to work out just as well as when the EU banned tracking cookies!
They trained users to accept all advertising cookies, while being massive hypocrites (a lot of EU bureaucratic websites ship user data to Google via GA or GTM).
The EU is one of the biggest threats to online freedom. Threatening to ban memes, egregious copyright laws to serve Hollywood interests, cookie nag screens and US media excluding EU IPs altogether because EU law is insane.
Access to media within the EU has never been worse. A significant portion of US news media exclude all EU traffic due to regulation.
Everybody who ever thought that crypto currencies will not come under this scrutiny was highly delusional. All other governments will follow soon.
Yup. A technology which is mainly used for money laundering, dark-net markets, ransoms, and speculation will certainly attract the attention of government.
This is going to work out just as well as when the EU banned tracking cookies!