/biz/ - Business & Finance

>>58120908
fucking communist rats

That's not true.

It's funny how amerimutts need to have delusions about how EU is an oppressive state to justify living in their shit society. Keep holding those bleeding bags.

>>58120929
>>58120908

>>58120908
What does this mean for us Swedenbros? Can I no longer write my keys on a piece of paper?

>>58120929
>>58120937
google it fags

>>58120908
>that's not your property
>t socialism

lmao, you learning yet?

Saaaaaar! Do i have to store 7 figs on chinknance now?
T. 70 iq, 200k salary

I hate the EU and living in it like you wouldn't believe

>>58120943
>And anonymous payments in cryptocurrencies to wallets operated by providers (hosted wallets) will be prohibited even for minimum amounts without a threshold.
you tell me what it means

>>58120950
Socialism is based.

>>58120944
>>58120937

I love the EU and I love how it makes amerimutts and right wing schizos seethe
>t. Proud Evropean Swede

>>58120944
I did. This seems to be regulations on EU-based merchants not allowing payments from self hosted wallets.

1) I never used Bitcoin to pay for anything
2) You can transfer to Coinbase and then pay, if you need to pay for something
Self custody is not outlawed, it's just not allowed to be used as a medium of exchange in the financial sector without undergoing KYC first, which is fine
Create an account with KYC somewhere and transfer to it the amount you want to transact with. Needing an identity to engage in the financial world should be fine. Don't want a bunch of anons or bots manipulating financial markets, that's the bankers' task

>>58120958

>>58120969
>t is a migrant which means he prefers "modern" Sweden over the shithole country he came from

>>58120980
Came to write something similar

I have been living in EU for 9 years and all this FUD that appears here is always false lmao like they might try to do something and it never happens why are mutts so obsessed lmao

>>58120959
Means you have 3 years to make it before it becomes enforced. After that it's game over unless you run.

>>58120953
But the free healthcare!

>>58120994
Where you came from? Afghanistan?

>WARS captcha

>>58120959
Kek eurofags are speed running their dystopian techno-hellscape.

the EU just wants to make sure they get their vig on every economic transfer

3 years from now
Still not rich
>you had 3 years

>>58120980
>>58120989
Whatever helps you cope with the fact that China and USA will force more intimate European cooperation and partnerships.
USA and China would love nothing more than a congregation of powerless small squabbling nation states that can easily be divided, controlled and conquered

>>58120969
I love Sweden and big titty blonde elf women and Sweden guys can be cool bros but I hate winter :(

>>58121029
winter is lovely.

>>58121021
Jupiter ascending.

>>58120937
Well the eu is absolute garbage, so there's that.

The law is about IRL crypto payments you dummy dums, which means that you can't buy something from a store with a non exchange/non KYC crypto wallet.

And this law won't become effective till damn 2027, because everyting in the EU takes a decade to be implemented. Not to mention that the EU literally can't stop you from making a BTC transaction in any way, they can only not allow stores to accept anon non-KYC crypto wallets. In short, nothinburger.

>>58120908
they banned people from remembering a number? kek retards.

>>58121117
Same goes for exchanges obviously, you won't be able to send crypto from an anon wallet to an exchange, in short from 2027 onwards every wallet which interacts with your exchange account will have to be identified as yours or from someone else, just not anon.

https://www.coindesk.com/markets/2021/07/21/no-the-european-union-is-not-banning-anonymous-crypto-wallets/

this FUD is getting old. they are banning custodial anonymity services. they cannot ban custodial wallets. what are they going to do get interpol to start raiding 13y/os bedrooms for JEWSDID911 tokens?

remember the cypher punk manifesto bros

>>58121157
Sounds like a new era of DeFI is ahead of us, if exchanges implement this they are going to get fucked in the ass

>>58121176
>custodial anonymity services
What do you think that means for lightning network?

>>58121157
holy fuck man can they be any more annoying. I might really just have to move outside of the E.U

>>58121192
that it's on track to stay legal since it centralizes transactions on a blockchain that is already 100% traceable unless your coins came from a block reward and went straight into a fresh wallet

>>58121183
There's no "if" they will implement this, same like they had to implement KYC for pretty much every major exchange now.

Also newsflash: most exchanges already track the wallets you use to send to your exchange account and identify them as yours. Which is why when you suddenly use a different unrelated wallet they often do various security checks to make sure it's still you.

>>58121215
i lost my keys to my monero wallet in a boating accident sir.

>>58121222
i shoved my trezor up my ass and couldnt get it back out. im too ashamed to go to a doctor. it's probably digested by now. i am the blockchain

>>58121221
so you are saying i should keep a few of these so called "KYC"/known/approved wallets for in the future. got it.

>>58121215
So that would out coin mixers like whirlpool on the chopping block?

>>58121231
If you're currenly using any major exchange you're pretty much there yes. It's literally just about the wallet interacting with your exchange/store, no one can possibly ban using and creating anon wallets in general nor can they stop private user to user transactions

>>58120908
>EU banned self custody
this is completely fake news

>>58120908
>>58120929
>>58120937
>>58120944
https://cointelegraph.com/news/eu-enacts-ban-on-anonymous-crypto-transactions-via-self-custody-wallets

>>58120908
Are they fucking retarded? How is it even possible for crypto to exist without self hosted wallets. Fucking morons.

https://www.dlnews.com/articles/regulation/why-the-eu-is-about-to-outlaw-and-curb-key-crypto-features/

>>58121583
Nothingburger
>The regulation would prohibit companies from offering anonymous accounts. Yet in response to crypto industry advocates, lawmakers changed the onerous language that would prohibit firms from offering self-hosted wallets, which are managed by individuals instead of commercial ventures.

>Still, the parliament is pushing to limit the amount merchants are allowed to accept from self-hosted wallets without involving a licensed crypto firm at €1,000. A breach would result in penalties.
All major centralized exchanges are licensed crypto firms. It sucks for the prospects of DeFi, but would change literally nothing in the current situation. Services like Coinbase Pay etc. would still work for payments, which is what merchants are using right now regardless

>>58122070
So as a merchant you're still good under €1000. What about converting to fiat?

>>58122070
If you don't own a self-hosted wallet (a.k.a. private keys) you don't own your crypto, retard. DeFi is just a way to organize transactions between private wallets.
>Services like Coinbase Pay
Surely you will be able to pay them, just you will own no fucking crypto.

>>58122070
if they implement this law as it is, it will be the end of crypto in Europe.
You will be allowed to own only pseudo crypto notes in your cex account which makes zero sense at all because crypto is about freedom of transactions.
There will be a separate crypto market outside of retarded Eurocucks though, they cannot enforce this in the whole world.

>>58122138
This law doesn't stop you from owning a wallet, no law can do that. It's only banning using anonymous wallets with KYC exchanges and stores without first identifying those wallets as yours. And not even that goes live till 2027.

Reading comprehension please.

>>58122179
You are the retarded one here anon, try actually reading beyond clickbait headlines.

>>58122182
>without first identifying those wallets as yours
Could you cite the exact line of the legislative proposal, please. It looks like you are just coping.

>>58122182
Well what's the point of holding crypto in a wallet if I can't use it ,retard? They basically force you to kyc somewhere down the line. 1984 was nothing . And 2027 is right around the corner. Hellow El salvador,here I come

>>58120937
>how EU is an oppressive state
As someone living in an EU country I can confirm. You should check their misinformation/disinformation site.

The main problem is that where the US supreme court refuses to derive "positive" obligations from human rights, the EU is more than happy to justify government oppression using said positive obligations to subvert the original purpose of human rights.

>>58122138
You can use coinbase pay to mediate a transaction between your hardware wallet and the merchant

Literally pic related lol

>>58122212
Read it for yourself, it's all about CASPs (crypto asset service providers), not about individuals since you quite literally can't stop an invidividual form owning or creating a wallet. Everything I said is factual.
https://www.europarl.europa.eu/meetdocs/2014_2019/plmrep/COMMITTEES/CJ12/AG/2024/03-19/1297044EN.pdf
>>58122251
You can use it, no one can stop you from using a wallet. They can only stop you from using an exchange or buying from a store with an anon wallet unless you identify it first, essentially you can't cash out without KYC, as it already is the case.

>>58122212
maybe you can find something here
just cntrl+F self-hosted
https://www.europarl.europa.eu/meetdocs/2014_2019/plmrep/COMMITTEES/CJ12/AG/2024/03-19/1297044EN.pdf

>>58122251
You can just "click accept" when the exchange asks if this self custodized wallet is your wallet

>>58122251
Yeah. But it's possible to have kyced wallets, then send tokens to a monero-gateway to get them unkyced, then sell the XMR for new tokens and send them a fresh unkyced wallet. If you want to cash out, use again the gateway to send your coin to your kyc-wallet.

And maybe big chains will adopt XMR-tech. But in amy case, people will be able to see the interaction between your kyc-wallet and the gateway.

>>58122328
Basically this.

Like everyone was crying how the EU will make you write out entire forms before you visit any site because of GDPR, in the end it's literally just you clicking "Accept" and that's it lol

>>58122331
The bill includes a ban on monero so good luck with cashing out

>>58122315
>essentially you can't cash out without kyc as it already is the case

Yes I can . Not telling you how. But it will definitely be more difficult from 2027. Fucking commie cucks

>>58122352
>He thinks this is about the inconvenience of kyc.

Go back to sleep

>>58122375
Most major exchanges already have full KYC. I guess you can do it with buttraping fees from various BTC ATMs, good luck ever buying a house or anything of any worth that way

>>58122396
Where did I say that? Stop making shit up

>>58122375
>prepaid cards
>XMR
Something like this

>>58122444
You can buy cash and gold and shit for XMR on the danknet.

>>58122411
Who said anything about buying houses or cars? Your opinion was invalidated by mine,simple as.

>>58122425
You said that,read again but slowly this time.

>>58120970
You should just kill yourself.

>>58122466
You said that, read again but slowly this time

>>58122457
Ah! the same place where my friend bought those fake Euro bills that get accepted by all stores. Why not offramp there as well

>>58122481
>no u

I wasn't expecting more so fair enough and no I never mentioned buying a house or car with crypto.

>>58120929
No Euro looks like that

>>58122526
And I never mentioned that this is about the inconvenience of kyc

i hope putin turns the eu into a nuclear wasteland

>>58120937
I'm from the EU and I tell you it's literally a CCP tier organisation filled with geriatric commie boomers from the 60s-80s who are now getting more and more frustrated because the youth is increasingly right wing.

I expect censorship to increase until there is a tipping point and revolution.

>>58122583
>You can just "click accept" when the exchange asks if this self custodized wallet is your wallet

That's an insta kyc if you send from kyc exchange which they all are/will be.

>>58122328
Cuckmetro already does this btw

>>58122678
Exactly. And I repeat, most exchanges already track the wallets you use to send to your exchange account and identify them as yours. Which is why when you suddenly use a different unrelated wallet they often do various security checks to make sure it's still you.
After all major exchanges went the KYC route anyone who thought that they could still coast on "just use less than 0.1 BTC per day bro" limitations forever is a moron.

kek why do EU threads always get so much attention from the mutts even when board is fucking dead are u guys good

>>58121157
That doesn't make sense, every wallet is anonymous by definition before it gets linked to an exchange.

Anonomous self custody, you can still use the hundreds of other KYC self custody wallets

>>58120969
please remove us from the picture
t.Britbong

>>58122809
Yes and then you will have to identify it as yours when you link it first time with an exchange.

>>58121287
i understand. the bitcoin i sent from coinbase to my private wallet will be flagged safe. i should make a few more of these wallets for other coins for the future.

>>58122734
>most exchanges track the wallet you used and identify them as yours

I don't believe that,give me a source or proof.I've sent crypto plenty of times to different friends that have zero connection to exhanges or kyc,it would be idiotic for them to assume those wallets are mine and it wouldn't stand in court. Anyway I already know how to go around this bullshit communist law.

>>58122871
You will be able to identify any wallet as yours (if it is yours) in the future as well. It would just be smart to not connect any kind of Tornado cash related wallet with your exchange wallet, such things.

>>58122306
>still coping when you can't cash out metals properly without KYC
Reminder the error 500 meme comes from /pmg/ thinking an email from a scammer was real.

>>58122889
they do probably set up a database doing these links. but it will be a decade in the future before they start sharing this data with other juristrictions. anyway there will be KYC-coin-network and NONKYC-coin-network. the only thing this facilitates is a bigger black market (NON KYC MARKET)

>>58122903
nah. When I want to go anon there's some monero hops. usually it starts with monero.

>>58120998
We had free healthcare before the EU
EU is just another form of judaic communism. The jews control the USA, the jews control the EU

>>58122889
how to go around them? i am total noob with all of this and even the idea of this makes me want to vomit. help an noob out

>>58122947
Hi there agent ursula von der commie

>>58120908

>>58122889
of course if you're some 4 figure poorfag sending around pocket change no one gives a shit and barely anyone asks for any security checks, but if you ever tried to send any kind of substantial amount of money from an exchange you'd know this to be true

>>58122983
>he doesn't have a source
>he doesn't know how to do it

Yeah,I rest my case.

>>58120908

Who need EU when you can play GRAVITY and get uSd. Fk frenchs

>>58123041

Eu is bigger tan France anon

>>58122734
Cope harder, lol.

>>58123020
Yeah bro exchanges don't put all your wallets into a connected cluster of wallets and have your entire transaction history ready to be exported to any law based higher up entity if needed, exchanges are just le good guys providing a public good am i rite

At least I hope you use DEXs

>>58123085

>he doesn't know

when will people wake up and realize they don't want you to have any wealth whatsoever

>>58121021
>To cooperate we have to undermine the nation state
Wasn't the case in the USA during the 1800s and not the case in Europe prior to 1990 (EU)
Doesn't have to be like this, but you don't know better because you came here from fucking Baghdad in 2011

>>58120908
old news and won't be applied before next year

>>58120938
came to post this

>>58122957
lol actually laughed. now feel sad i am not the commie jew nosed agent

>>58123386
How do you think cooperation works? Its by definition an undermining of the nation state
Just like how a federal state undermines the local state
Or the local state undermines the village state
Or the villge state undermines the family state
Or the family state undermines the individual state

When people cooperate its about concessions for everyones collective benefit, thats the point. And increased European cooperation is not an if, its a must

>>58120969
Didn't know Russia, Belarus and Ukraine were in the EU.

Russia will nuke us before it gets implemented so it does not matter.

>>58122889
they just do use chainanalysis to do a quick scan of the previous transactions. if you receive funds from flagged addresses they may block your funds once it hits the exchange

>>58120908
>be Europoor
>Not legally allowed to use your own property to barter
kek

>>58122751
we live rentfree in their heads for some reason
I reckon its because most "americans" nowadays are actually shitskins

>>58120908
It's not banned, just tied to your DID.
It's on chain so you like it, right anon?

This will just force people into evading tax to avoid detection for legitimate purchases like darknet users for drugs.

>>58120937
>Keep holding those bleeding bags.
Most of those bags are your ticket to financial gains. I just doubled down on my QANX stack after seeing it's getting adopted by an EU country. I'm following the smart money trail. That's how you play the game, anon.

another day, another murican fud thread
this just makes me want to cash out go to canada and just have some bags on btc and ssnc left for once btcfi becomes bullish af and you all start shitting and pissing about it