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A comment on EU approves new rules for tracing crypto transfers, introduces 1000€ limit.

Re:EU approves new rules for tracing crypto transfers, intro... by jeroenhd on Saturday May 20, 2023 @02:20PM (#36014298)
Perhaps this is the proof any cryptocurrency enthusiast needed to convince their peers: cryptocurrency is finally being viewed as real currency, and will obviously be regulated so.

The €1000 limit only applies for companies like payment processors, though, you can still transfer larger amounts to individuals. As far as I can tell the limit also disappears if you apply the necessary KYC procedures like any other payment provider, but I haven't had time to read through the entire document yet.

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Re:EU approves new rules for tracing crypto transfers, intro... by Energiesustaine on Saturday May 20, 2023 @02:27PM (#36014367)
It's completely dimetral to crypto.

I don't think people are to stupid to see this.

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Re:EU approves new rules for tracing crypto transfers, intro... by yownie on Saturday May 20, 2023 @02:58PM (#36014591)
> It's completely dimetral to crypto.

Diametrical ?

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Re:EU approves new rules for tracing crypto transfers, intro... by purpleflame1257 on Saturday May 20, 2023 @11:18PM (#36017729)
Detrimental?
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Re:EU approves new rules for tracing crypto transfers, intro... by Energiesustaine on Sunday May 21, 2023 @03:05AM (#36018643)
Yes
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Re:EU approves new rules for tracing crypto transfers, intro... by pixl97 on Saturday May 20, 2023 @03:28PM (#36014811)
The fact some people thought they could create a financial system outside of their local government control and they wouldn't eventually be punished for doing so is the part I wonder why I it took so long to figure out.
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Re:EU approves new rules for tracing crypto transfers, intro... by wcoenen on Sunday May 21, 2023 @05:30AM (#36019233)
> As far as I can tell the limit also disappears if you apply the necessary KYC procedures

The proposed rules are not about limiting transaction size. They are about enforcing traceability for transactions above a certain size.

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