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

Re:EU approves new rules for tracing crypto transfers, intro... by wen_1k_btc on Saturday May 20, 2023 @07:10PM (#36016465)
Please use the example of me spending $1 of cash to buy a bottle of water off of a street vendor. Can the government or regulatory body trace this transaction or block it? They can't? Then the premise is invalid.

They're trying to apply the same false premise to crypto.

[ Parent | on HN ]
Re:EU approves new rules for tracing crypto transfers, intro... by acdha on Saturday May 20, 2023 @07:32PM (#36016582)
That doesn’t make any sense – 1€ transactions aren’t blocked because they’re small, just like the text of this rule excludes. If you try to bring 10,000€ in a suitcase to a bank, I’m sure that’d attract just as much attention as your bitcoin would.
[ Parent | on HN ]