Re:EU plans to make Bitcoin transfers more traceable
by chrisco255 on Wednesday July 21, 2021 @12:35AM
(#27902384)
As an American, that's insane sounding to me. Without financial sovereignty the American revolution would have never happened. And we'd still be ruled by monarchs.
Re:EU plans to make Bitcoin transfers more traceable
by betwixthewires on Wednesday July 21, 2021 @04:10AM
(#27903659)
It is insane to me to be in discussions like this and see Europeans trust their government more than they trust their mothers. Literally every time in history they've gotten complacent with their governments their governments tried to kill them all, and still they never learn.
Re:EU plans to make Bitcoin transfers more traceable
by ulzeraj on Wednesday July 21, 2021 @06:14AM
(#27904356)
You think this is insane? Wait til you find out about who is part of the oh so trusted government.
The ECB president is a convicted criminal charged of financial crimes: https://www.complianceweek.com/imfs-christine-lagarde-convic...
Re:EU plans to make Bitcoin transfers more traceable
by chrisco255 on Wednesday July 21, 2021 @05:55PM
(#27912714)
They seem to really miss feudalism.
Re:EU plans to make Bitcoin transfers more traceable
by Mirioron on Wednesday July 21, 2021 @01:06AM
(#27902520)
Maybe that's the point? It's hard to be authoritarian if people can rebel. Some EU politicians (Verhofstadt) have been talking about the "European Empire".
Re:EU plans to make Bitcoin transfers more traceable
by MiddleEndian on Wednesday July 21, 2021 @01:34AM
(#27902680)
>In Greece all cash transactions above €500 have to go through an AML due diligence process which includes a full KYC for both the buyer, seller and any beneficiaries of the transaction.
And this applies to trivial things as well, such selling a used bike or laptop to someone?
However most member states already have that in place including far lower limits.
In Greece all cash transactions above €500 have to go through an AML due diligence process which includes a full KYC for both the buyer, seller and any beneficiaries of the transaction.
Basically it’s too much of a hassle to do so businesses simply do not accept cash, so anything from paying for a Hotel stay to buying a Laptop isn’t possible without a mountain of paper work which means it’s impossible in reality.