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A comment on EU to make Bitcoin traceable, ban anonymous crypto wallets.

Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by seibelj on Tuesday August 24, 2021 @01:02PM (#28291684)
It is very hard to ban math. An “anonymous wallet” is a random number!
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by rspeele on Tuesday August 24, 2021 @01:26PM (#28292092)
> In practice, this means that a service provider exchanging crypto on behalf of a customer would have to record their name, address, date of birth and account number, as well as the name of the intended recipient of the transfer.

As usual, the regulation checkpoint is at the exchanges.

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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by nyanpasu64 on Tuesday August 24, 2021 @02:13PM (#28292771)
And what happens when you transfer it to a mixer? A self-hosted wallet? Or the EU regulate exchanges to the point you can't transfer your Bitcoin to a wallet you own?
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by pavlov on Tuesday August 24, 2021 @02:30PM (#28292955)
> “Or the EU regulate exchanges to the point you can't transfer your Bitcoin to a wallet you own?”

Why not? The EU regulates banks to the point that you can’t transfer money to an account in North Korea. It’s not obvious why Bitcoin exchanges should be regulated differently (as you can’t prove the random Bitcoin address isn’t controlled by NK).

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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by nyanpasu64 on Tuesday August 24, 2021 @04:22PM (#28294469)
Not allowing individuals autonomy over how they choose to spend their own money sounds authoritarian.
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by Thiez on Tuesday August 24, 2021 @04:57PM (#28294916)
You live in a country where everything is legal to buy and sell, then?
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by neverywhere on Tuesday August 24, 2021 @02:23PM (#28292873)
Mixers will be considered illegal by the EU. It sort of makes sense. Mixers are primarily used to hide one's identity when doing shady/illegal things with cryptocurrency.
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by colinmhayes on Tuesday August 24, 2021 @02:40PM (#28293067)
What about deFi swappers?
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by meepmorp on Tuesday August 24, 2021 @03:14PM (#28293511)
No, they're cool with that specific kind of money laundering.
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Re:EU to make Bitcoin traceable, ban anonymous crypto wallets by spywaregorilla on Tuesday August 24, 2021 @02:46PM (#28293145)
It's very hard to ban math. It's very easy to ban communications, which may happen to contain math.
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