EU Parliament Votes to Impose KYC on Private Cryptocurrency Wallets: Reports | Decrypt

EU Parliament Votes to Impose KYC on Private Cryptocurrency Wallets: Reports | Decrypt

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  1. Lmao. I’d say this makes Europe a worse place to be… but I’m not sure their future outlook can get much worse. I’d hate to be living there through the dollar milkshake. Their currencies toast, it’s going to be worse than stagflation, with a side of financial repression, they are dependent on their enemy for energy and to top it off now they don’t have personal freedom and privacy. Brutal.

    If that wasn’t bad enough, after learning their lesson missing the Internet tech giants, they’ve decided they don’t want to be home to the next tech revolution either. 😂

  2. tldr; The EU Parliament has voted to impose new regulatory measures that would essentially prohibit anonymous cryptocurrency transactions. The proposal would require cryptocurrency service providers, such as exchanges, to collect personally identifiable information from individuals who transact more than 1,000 euros using so-called unhosted cryptocurrency wallets.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. The only thing they archived with this is that crypto will move to the wild west times again. People will now just trade on DEX and exclusively private wallets. They just killed the CEX.the only thing they could attack.

    If you still have any coins on a cex get them off now and move them over a more private coin to your private wallets.

  4. This seems to mean you can’t use an exchange as a wallet. That was never necessary anyway. Now when withdrawing you say it’s “your” address and done. After that you can still send anywhere you want.

What do you think?

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