The Asians, Russians, Americans, and Brits must be laughing at how
stupid Gheyrope is. Gheyrope regulates itself into technological
stagnation and obscurity
The recent Anti-Money Laundering legislation specifically outlaws
certain limits for cash transactions and anonymous cryptocurrency
payments. Under these regulations, cash transactions exceeding €10,000
and anonymous cash payments over €3,000 will be deemed illegal.
The approved laws are expected to be fully operational within three
years from their entry into force. However, Dillon Eustace, an Ireland
law firm expects these laws to become fully operational before the usual
enforcement timeline.
This characteristic lies at the heart of cryptocurrencies’ fundamental
principles, offering a more inclusive, liberated, and equitable
financial system that does not discriminate against its users in any
form.
Expertsand freedom advocates consider this recent approval a hit against financial freedom and fundamental human rights.
German MEP Patrick Breyer opposes the bill, claiming it compromises
economic independence and financial privacy. He considers the ability to
transact anonymously to be a fundamental right.
The crypto sector, known for its emphasis on privacy and
decentralization, has responded critically to the EU’s regulatory
measures. These new regulations have created mixed reactions, whereby
some believe the new AML laws are necessary, while others fear they may
infringe on privacy and hinder economic activity.
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Thank Allah You Aren't European: EU enacts ban on anonymous crypto transactions via self-custody wallets | Forum
Annabella
Apr 15
Maybe they should focus on clear rules and education instead of these blanket bans. Transparency is key, but total restriction stifles innovation. It's like trying to tame a bucking bronco with a silk thread! On the other hand, cryptocurrency can be a real jungle for newbies. Wouldn't some guardrails be helpful for folks just getting started? It's easy to get burned without a map in this digital gold rush. Maybe there's a middle ground we haven't considered yet. And for those looking to dive deeper into the mining side of things, https://asicminercompare.com/ is a good resource for research.
