/biz/ - Business & Finance

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EU basically banned crypto Anonymous Fri Jul 15 06:02:09 2022 No.50368611 [Reply] [Original]

In the updated proposal there is no minimum limit (Previously the minimum threshold was €1,000) Which means all crypto transactions that involve CASPs will need to comply with the travel rule, regardless of how much cryptocurrency is being moved.
Some of the main points are listed:
>KYC will be required for crypto transactions of any amount between hosted wallets
>Customer identity needs to be verified for even the smallest crypto transfers, if it’s between two regulated digital wallet providers — but payments to unhosted private wallets will largely be left out of laundering checks.
>CASPs will be required to collect information on all transfers involving unhosted wallets.
https://medium.com/@FAMEEXResearch/all-bad-news-the-eus-new-crypto-regulations-d78de40f2c01

>>	Anonymous Fri Jul 15 06:04:59 2022 No.50368639 File: 34 KB, 400x400, 681FB343-DE3C-4FF2-B7B0-5CAC3E0F3BEC.jpg [View same] [iqdb] [saucenao] [google] what a shame

>>	Anonymous Fri Jul 15 06:05:15 2022 No.50368642 >>50368611 jesus fuck I feel sorry for (You)rope-ians

>>	Anonymous Fri Jul 15 06:05:58 2022 No.50368648 >>50368611 Euro-peons.

>>	Anonymous Fri Jul 15 06:06:49 2022 No.50368654 File: 73 KB, 860x1024, 1656793895156.jpg [View same] [iqdb] [saucenao] [google] Canada and the US won't be too far behind. this is our fate in the next 5 years burgers.

>>	Anonymous Fri Jul 15 06:07:33 2022 No.50368663 >>50368611 What if i dex only as it should be?

>>	Anonymous Fri Jul 15 06:07:37 2022 No.50368664 >>50368611 When do they implement it?

>>	Anonymous Fri Jul 15 06:09:23 2022 No.50368685 >>50368611 >>50368639 >>50368642 >>50368648 Nowhere does your source talks about "1000" you degenerate memester, and requiring an identification is up for like 2 years already anyway.

>>	Anonymous Fri Jul 15 06:10:54 2022 No.50368704 I think this will have the opposite effect. Buy and move it all to cold storage during this window (keep enough for cashing out on a cex) and let's move back to P2P and decentralization

>>	Anonymous Fri Jul 15 06:11:01 2022 No.50368708 >>50368611 >>50368639 >>50368642 >>50368648 Requiring an ID is up for years, and the UK does it for even longer. Rent free.

>>	Anonymous Fri Jul 15 06:14:26 2022 No.50368741 File: 201 KB, 1080x1349, 1653343439849.jpg [View same] [iqdb] [saucenao] [google] >>50368704 >have cex

Anonymous Fri Jul 15 06:16:28 2022 No.50368763
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>>50368611
>>KYC will be required for crypto transactions of any amount between hosted wallets
>Customer identity needs to be verified for even the smallest crypto transfers, if it’s between two regulated digital wallet providers — but payments to unhosted private wallets will largely be left out of laundering checks.
>CASPs will be required to collect information on all transfers involving unhosted wallets.

All stuff that makes the glowie Craig Wright very happy.

Anonymous Fri Jul 15 06:19:20 2022 No.50368787
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>>50368611
Cringe. None of that nonsense is in the Whitepaper of BTC or any other crypto. It's not real. Picrel.
>inb4 b-b-but exchanges
Don't keep coins on exchanges, retard. Crypto is crypto. Exchanges are exchanges -- a completely separate thing.

>>	Anonymous Fri Jul 15 07:06:09 2022 No.50369209 >>50368741 Man, imagine having cex with that tan young girl....feeling her firm young body beneath you as you pound her pussy hard. Hear her moan "RLC..RLC.." in hushed tones as I cum all over her lips. Imagine brehhs...

>>	Anonymous Fri Jul 15 07:11:49 2022 No.50369249 this is extremely bullish for bitcoin holy fuck

>>	Anonymous Fri Jul 15 07:17:24 2022 No.50369291 >>50369209 That's a man.

>>	Anonymous Fri Jul 15 07:42:48 2022 No.50369469 >>50368611 Serves all you faggots right for playing ball with these kikes from the start.

>>	Anonymous Fri Jul 15 08:27:42 2022 No.50369766 >>50368611 good, this will only add liquidity to p2p exchanges like bisq

Anonymous Fri Jul 15 08:34:28 2022 No.50369819
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regulated cryptocurrency is a flawed concept either it's decentralized and code is law
either it's regulated by an authority and then it's not decentralized. why bother with a blockchain at all in that case?

I'll stick to normal banking and maybe some xmr for funny purchases, thanks

>>	Anonymous Fri Jul 15 08:34:55 2022 No.50369826 >>50368611 >proposal I propose you stfu over things which arent actual in place

>>	Anonymous Fri Jul 15 09:37:37 2022 No.50370430 >>50368611 There is no such thing as a hosted wallet. There are only wallets and banks.

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