#EU #scam #soon 🫠
From July 2027, cash payments exceeding ten thousand euros will be prohibited in all 27 EU countries under the EU Regulation 2024/1624.
Any transaction exceeding three thousand euros will require mandatory identification. Splitting payments to circumvent the limit will be considered illegal. Cash transfers between individuals, such as family members or friends, will remain legal until the money enters economic circulation, such as when purchasing an apartment, car, jewelry, or gold.
All cryptocurrency transactions will be strictly monitored. Starting from July 1, 2026, every cryptocurrency platform in the EU will be required to obtain a CASP license in accordance with the MiCA Regulation (EU 2023/1114). The Travel Rule will be implemented, requiring all transactions exceeding one thousand euros to provide complete information about the sender and recipient, including their names, addresses, and dates of birth. Stablecoins like USDT will either be prohibited or heavily restricted to prevent competition with the digital euro. Pilot projects for the digital euro are planned for 2027, and its full-fledged release is expected in 2029. All transactions with the digital euro will be fully monitored by the central bank.
The internet and digital communication will also be under control. In the summer of 2026, the ProtectEU initiative will come into effect, which prohibits VPN services that do not store user logs. Any encrypted correspondence will pass through an infrastructure that allows for the monitoring of message content when technically possible. At the end of 2026, all 27 EU countries will have a mandatory unified digital identification and age verification system, making it impossible to engage in anonymous online activities. Any comments, views, or online conversations will be linked to the user's digital ID.
This will create a unified control architecture where all financial flows, cryptocurrency transactions, and digital activities are connected. Any cash transactions exceeding three thousand euros will require personal identification and will be recorded upon entry into the economic system. Cryptocurrency transactions over one thousand euros are processed through licensed CASP platforms, which transfer complete transaction data to a centralized database. Digital Euro transactions are recorded by the central bank, ensuring full control over transfers. All online services, including age verification and digital ID, make it impossible to use anonymous accounts or private communication methods.
The system aims to have full control over all money flows, track cryptocurrency transactions, link financial and digital activities of citizens to their identity, and create complete transparency in the economy. Full transparency in tracking citizens is expected.
Is there a way to use more advanced wallet features using #Umbrel + Lightning wallet app (lnd).
I have coin control in mind, to spend specific UTXOs, and also to see more details about transactions, etc... The Lightning Wallet web app is very limited...
#asknostr
Here is my rundown of unique #privacy coins (not copycats like piratechain, zano etc).
#Zcash - great mobile wallet, but pain in the ass to run a node (and use it as a wallet), hope this gets better with zebrad.
#Pivx - great desktop wallet with good tor support (can also run masternode on .onion), but no good mobile wallet (correct me if Im wrong?).
#Firo - good desktop wallet, bad network privacy (masternodes on clearnet), mobile wallet is "ok" but being developed actively.
#Monero - mobile wallets are "ok", running a node is "ok", the decoy privacy isnt great, looking forward to the upcoming FCMP upgrade to improve this.
For onboarding noobs Zcash wins by far because of the good UX of #zashi wallet, it " just works".
What do you think? #asknostr
