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A comment on EU plans to make Bitcoin transfers more traceable. Parent comment

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?

[ Parent | on HN ]
Re:EU plans to make Bitcoin transfers more traceable by dogma1138 on Wednesday July 21, 2021 @11:44AM (#27907781)
Yes all products and services.

Whether people actually follow it I don’t know, but if they don’t they are at risk of a felony.

Businesses do follow it.

[ Parent | on HN ]