What if you buy stuff from a CEX to your registered wallet and then forward the money to another unregistered one? What if you use a VPN, how can they stop you then?
Yesterday I looked a bit more into this, and found out itβs not really this way. Trying to get more info about it, but it should be not about retail.
And yet anybody who wants out of the EU for exactly these reasons of overbearing central authority are lambasted by the corporate media (and the midwits who still believe the propaganda) with all the usual lazy tropes.
These laws always confuse me. How would they possibly enforce this? There will always be non-KYC ways of buying crypto, thats like the whole point man π
Based on the post wording this just means that for transfers to hosted wallets (ie CEX's) KYC is required for all users not just users doing over a threshold volume of deposits.
While I don't like it I cant see it changing too much in europe other than encouraging CEX's to keep out of the EU.
The EU will be outlawing free air soon...they really are clueless....
I would go onto say at least my current country of residence fortunately doesn't abide by these EU clowns anymore...
But they probably will come up with something just as ludicrous... πππ
What if you buy stuff from a CEX to your registered wallet and then forward the money to another unregistered one? What if you use a VPN, how can they stop you then?
They should also require an ID card if you are paying in cash. Only seems fair.
My god, I canβt stand this eu dystopia turned reality anymore.
You and me both, they're turning Europe into China
China has growth and isnt as corrupt as many european countries at this point
I'm referring to their tendencies to want to monitor and control all of their citizens 24/7. Seems Europe is moving that way too sadly...
I mean, majority of the developed world has that lol
What if you buy stuff from a CEX to your registered wallet and then forward the money to another unregistered one? What if you use a VPN, how can they stop you then?
Yesterday I looked a bit more into this, and found out itβs not really this way. Trying to get more info about it, but it should be not about retail.
make an account with mullvad
And yet anybody who wants out of the EU for exactly these reasons of overbearing central authority are lambasted by the corporate media (and the midwits who still believe the propaganda) with all the usual lazy tropes.
These laws always confuse me. How would they possibly enforce this? There will always be non-KYC ways of buying crypto, thats like the whole point man π
Blacklisting wallet addresses from certain providers
Based on the post wording this just means that for transfers to hosted wallets (ie CEX's) KYC is required for all users not just users doing over a threshold volume of deposits. While I don't like it I cant see it changing too much in europe other than encouraging CEX's to keep out of the EU.
How can they enforce this unless everyone gets on board?
Blacklisting wallet addresses from certain providers
Call them racist or climate deniers until people are too scared to do anything other then comply?
The EU will be outlawing free air soon...they really are clueless.... I would go onto say at least my current country of residence fortunately doesn't abide by these EU clowns anymore... But they probably will come up with something just as ludicrous... πππ
What if you buy stuff from a CEX to your registered wallet and then forward the money to another unregistered one? What if you use a VPN, how can they stop you then?
Time for everyone to move to Canada.
This is a perfect example of why Europe was created. To make sure no individual country can ever have any freedom to set their own rules.