This is an attack.
Login to reply
Replies (65)
Do you have a reference to the original document?
If youโre European, just say โno.โ
Oh yes but of course. They have small weiners and zero character. Attacks being closed doors is their only option. All the more fun to totally destroy them
Nit on Bitcoin but on the people in the EU zone. This is an insane power grab
If I were in the EU I would simply stop using money
EU IS CAPTURED
So avoid cash and push decentralization to further extremes. Got it.
The fuck?
Does that last sentence mean your European exchange canโt send your funds to your self-custody wallet?
Or canโt without KYCโing the destination?
this has to be disregarded and not complied with. utterly absurd, should be mocked by conducting day to day interactions how you want
There are many draconial provisions in the upcoming #EU #AML Regulation both for cash and to p2p #bitcoin transactions (self-hosted wallets and use of mixers).
Some examples:
(33b) The introduction of a Union-wide limit to large cash payment mitigates the risks associated with the use of large cash payments. However, obliged entities that carry out transactions in cash below this amount remain vulnerable to risks of money laundering and terrorist financing as they provide a point of entry into the Unionโs financial system. Therefore, it is necessary to require the application of customer due diligence measures to mitigate the risks of misuse of cash. To ensure that the measures are proportionate with the risks posed by transactions of a value lower than EUR 10 000, such measures should be limited to the identification and verification of the customer and the beneficial owner when carrying out occasional transactions in cash of at least EUR 3 000. This provision does not relieve the obliged entity from conducting all customer due diligence measures whenever there is a suspicion of money laundering or terrorist financing, or from reporting suspicious transactions to the FIU.
(93) The anonymity of crypto-assets exposes them to risks of misuse for criminal purposes. Anonymous crypto-asset โaccounts as well as other anonymising instruments, do not allow the traceability of crypto-asset transfers, whilst also making it difficult to identify linked transactions that may raise suspicion or to apply to adequate level of customer due diligence. In order to ensure effective application of AML/CFT requirements to crypto-assets, it is necessary to prohibit the provision and the custody of anonymous crypto-asset โaccounts or accounts allowing for the anonymisation or the increased obfuscation of transactions by crypto-asset service providers, including through anonymity-enhancing coins. The prohibition does not apply to providers of hardware and software or providers of self-hosted wallets insofar as they do not possess access to or control over those crypto-assets wallets.
As we were said by the EU Commission, โthe ban on crypto-asset payments not intermediated by a crypto-asset service provider has not been retained given the absence of technical means of enforcing such a requirement at presentโ. But that exactly shows the direction of the regulatory approach.
This is a huge deterioration of financial and privacy rights after EU Commission and Council put pressure on the EU Parliament and removed all provisions in favor for individual rights, privacy and financial inclusion.
We need your support guys, before it is too late. Final vote on April 22nd.
Full text you can find here:
https://data.consilium.europa.eu/doc/document/ST-6220-2024-REV-1/en/pdf
This just passed in the US (see link below). They tried to apply it to cryptocurrency, but it looks like they are testing the waters in the EU. The only way defeat this kind of thing is to become a criminal unfortunately. This is essentially a ban on crypto one way or another using a standard divide and conquer approach. The more that comply, the more they conquer until there is nobody left.
Form 8300 and reporting cash payments of over $10,000 | Internal Revenue Service
Generally, if you're in a trade or business and receive more than $10,000 in cash in a single transaction or in related transactions, you must...
No need to become criminals. You have a lot of instruments in democracies to change the narrative and regulations, especially in the year of elections. Use your power, donโt allow to degrade you to criminals.
What wallets are hosted wallets by European companies?
The EU sounds terrible!!!!
Kinda disagree on this one. Voting harder dosen't work. Existing power is too entrenched.
Unfortunately things rarely work out through voting. Civil disobedience is more effective. The label โcriminalโ means nothing when the ones assigning it to you are the biggest criminals in the world. Bitcoin was designed to fight this censorship resistance.
My thoughts exactly. This shit never ends,
Unjust laws must be broken.
This looks very bad.๐ฎ
Monero is made for this.
This war needs the right tools for the right job. Squeeze them with your Bitcoin holdings. Transact and ignore them with Monero.
If you think one tool is enough to get the job done I fear we will have a lot of causalties.
Not to mention, the โฌ3,000 figure will not be adjusted for inflation overtime.
How much will โฌ3,000 be in 10 years? 20 years? Purchases of that size will eventually become more common, and governments will be able to automatically increase their scope of surveillance without having to introduce new laws.
#bitcoin
It works, but nothing solves your problems forever: power never given, it can be only taken. The moment you stop to care your rights, you are going to be abused. That is a reality. So freedoms you enjoy right now were achieved because your grandparents or so fought for them. If you donโt defend them and give up, they will be undoubtedly taken by others.
Why I own guns.
That is why we need to act now, before it is too late and be vocal before the 22nd of April.
We need to concentrate our efforts on the three priorities to change negative language in the regulations:
1. We need support to make it as public as possible that increased AML regulation without provisions to protect privacy and financial freedoms will lead to financial exclusion, human rights violations and abuse. Individual cases of human rights violations, where banking data was abused or people were financially excluded, social use cases of #bitcoinย should be discussed as broadly as possible.
2. We need to know citizens of the EU what consequences of such regulation mean for their banking data, if someone decides to abuse it and how #bitcoinย servers a remedy for such abuses.
3. We need to change this perception by engaging with elected officials, civil society representatives, and all those with political influence.
This way, they will support our cause and help us protect our financial rights.
We at @ODFoundation are working to make this happen. But to do so, we need your all possible support.
We need you to write articles, reach out to your local officials before the vote on April 22nd, message influential journalists, help us to fundraise to conduct advocacy work and overall, become a spokesperson about the importance of legally protecting our financial freedoms.
If you have more ideas of how to help, let me know in the comments!
With all due respect @Lyudmyla Kozlovska and I understand what you are doing and your work is important, especially when it comes to defending individuals - I think playing by the law is like stopping the wind with your hands.
The most important thing is to grown natural, organic immunity. If bitcoin needs antibiotics to survive, the it will not survive long, and this is really bad news. If the work you do, is fundamental for the continuity of bitcoin and it's ecosystem... If that's what you are saying, then please say it louder, because that REALLY MEANS THE END IS NIGH.
If on the other hand, your work is a palliative, which softens the blows of a increasingly authoritarian, evil and blood thirsty government(s), then it's commendable and honourable effort and it has the appropriate scale of intervention.
Please feel free to disagree and argue otherwise if you feel inclined to do so.
Thank you for all your work.
Schindler helped quite a lot of people, but that regime ended with a war.
I hate to say it, but this was expected a long time ago?
Its not like we didn't predicted the states would ban it! That is question 1 of any beginner.
Fortunately, regardless of what we think or do, bitcoin cannot be stopped - but a lot of people will be mistreated, incarcerated and possibly die in the process of hyperbitcoinization.
What can we do to help?
The EU is closing the exit
I saw that too! Wth dude
It's also unenforceable. Gresham's law will likely prove to be stronger than any measure the EU parliament can think of.
It's more an admission that the EU.ro is a scam or a ponzi that needs to shut all doors for defectors.
That's why we cypherpunks use Monero over traceable BTC.
hyperbitcoinization will never happen in real life, mining is centralized by big compagnies, average fee is just crazy, LN is centralization of hub like big banks, development is controlled by Blockstream which is backed by bankers... Bitcoin will be regulated as hell because it's traceable, KYC non-resistant. People trade Bitcoin but will never use it anymore in the real life, it's a dream that will hurt many of dreamer, go to the DarkNet and will see Bitcoin is shit, they use Monero and that's fact. So you can continue to dream with your Bitcoin going to moon pumped by BlackRock or face the reality, Bitcoin is worthless in the real life, except if you want go to jail?
Finally, it begins.
Everyone knew this was coming.
Your KYC stack will make you a target.
Time to start packing bags, and looking for places whose values align with yours, and Bitcoin's.
Ignore legislatures and their petty regulations and transact p2p. These institutions are either controlled or outright owned by the global banking interests anyway.
Bitcoiners need to start using tools like bisq and robosats.
retard parliaments
So they're encouraging fully self-custodial Bitcoin usage? Gotta make these solutions as easy as possible then I guess.
But seriously, would be great to understand the implications of these new EuroCommie Politburo censorship dictats.
Theyโll try coming for that next. Watch.
We need to concentrate our efforts on the three priorities to change negative language in the regulations:
1. We need support to make it as public as possible that increased AML regulation without provisions to protect privacy and financial freedoms will lead to financial exclusion, human rights violations and abuse. Individual cases of human rights violations, where banking data was abused or people were financially excluded, social use cases of #bitcoinย should be discussed as broadly as possible.
2. We need to know citizens of the EU what consequences of such regulation mean for their banking data, if someone decides to abuse it and how #bitcoinย servers a remedy for such abuses.
3. We need to change this perception by engaging with elected officials, civil society representatives, and all those with political influence.
This way, they will support our cause and help us protect our financial rights.
We at @ODFoundation are working to make this happen. But to do so, we need your all possible support.
We need you to write articles, reach out to your local officials before the vote on April 22nd, message influential journalists, help us to fundraise to conduct advocacy work and overall, become a spokesperson about the importance of legally protecting our financial freedoms.
If you have more ideas of how to help, let me know in the comments!
Guess you missed COVID, but good luck
Since you write me in English, you probably had a chance to get educated without much effort contrary to the situation we have in many authoritarian states.
Covid restrictions were possible because just a few opposed. But those who opposed actually did changes that we right now donโt experience restrictions. If you fight back you get what you want. There is always a price for that, obviously.
Well I wouldn't call around 25-30% of the population "a few".
What % are you expecting to stand up to these regulations? Which I would imagine far fewer people would really see as a big deal, sadly.
It depends on country. Some people prefer to watch from sofas while other project rights.
It is a reality.
My goal to activate exactly those who care about rights. 20-30 % is perfect. But they need to know about it. We were getting this information just recently since trilogue was without consultations with civil society.
Unfortunately.
So we have to be active now.
As I said, good luck.
The farmers were fairly successful because they came in with heavy equipment and we're not fking around.
Planning to write a petition?
I'm not sure what you are getting at.
This move can be looked at as creeping tyranny, which it is. It can also be seen as a signal, that they know the financial system is close to breaking again.
souce?
This is why we vexl. Without the freedom to transact we have no other rights!
DNGU
i tried to find the. apk for vexl, but couldnt ( i dont use google play store). do you have a link?
Das ist faschistisch.
View quoted note โ
I'm afraid that less places like this will exist in near future... the heat is up in Brasil too as they close all gaps.
I wish other people don't turn on us when governaments start to declare cripto and decentralized methods as a crime.
A war of values and integrity is being waged.
It's unfortunate it shows many hard truths.
Best we can do is attempt to educate and look for save haven - Safe havens will show themselves, sometimes in the places we least expect.
Not saying they are a safe haven per se, but pretty sure no one expected El Salvador would be the first country to embrace Bitcoin, in fact, many people didn't even know it existed. That's how much things are changing.
Ehen those who make the law refuse to follow the law there no law. Just a fight for survival.
Currently not an apk, but you can find it in the aurora store
Oh you don't understand, I'm not against Bitcoin at all, I remember 10 years ago it was very different, there was no moonboy, we used Bitcoin for the DarkNet and it was ok. Bitcoin is not strong because price is up, people don't understand it, they think like "Bitcoin make 10x it's a very good thing"... privacy is so important, it can protect you from bad people or crazy government. Just Monero is really really better for P2P digital cash because it's anonymous, we don't know who send to who and we don't even know the amount. The DarkNet is where we need to look at because they need the better thing able to protect them from prison. They use Monero now, Bitcoin is risky for them, and it's for us too if the government go really against privacy and freedom and I think they will go in that direction so I hope Bitcoin will be better but when I see the mining centralization by big companies and development in the hands of Blockstream which is backed by bankers... something tell me it's going to wrong direction... I really hope to be wrong you know, I'm for freedom and privacy, I share the cypherpunk vision so the satoshi vision too.
Cashu is not sovereign and even Calle it's creator says not to conflate it with Bitcoin or scaling Bitcoin
But that was Calles point. It doesn't help you spend Bitcoin privately because it isn't Bitcoin. It helps you spend IOUs privately. It's just an improvement on custodial money.
That's great but I don't see where you are disagreeing now. None of that makes it Bitcoin.
It's interesting you said goodluck with Monero because of SOV when now you are saying "no one in their right minds" are going to hold their actual wealth on Cashu (understandably).
You can just use Monero as a "spend through mechanism" too, except unlike cashu, you actually self-custody your money.
Says the person arguing for shitcoins...
It's one thing to say that Cashu can be useful, but it's absolute cognitive dissonance if you then turn around and label others shitcoiners after arguing for ruggable, money-printer-go-brrr, centralized tokens
Can't make this shit up ๐คฆโโ๏ธ
๐๐๐คฃ๐คฃ๐คฆโโ๏ธ๐คชโ ๏ธ
Bah thatโs bullshit. They got exactly what and everything they wanted and didnโt need to keep pushing the scam. They passed all sorts of new tryanical laws, radically changing our legal system, radically Changing our infrastructure, radically redistributing wealth, injected the masses and so GD much more. And got away with it Scott free. And you would characterize this as a win for us/the people. Jfc you are intergalacticly delusional ๐คฆโโ๏ธ