Didn’t they revise the bill and take the “No anonymous transactions under $1k”out of it?

Don't fall for the misinfo Ben. This concerns a *proposal* for a law, that only addresses CASPs (Crypto Asset Service Providers), not individuals, and would come into effect earliest in 2027 if approved by Parliament and Council unaltered today. Hint: it won't

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1/ Yesterday was a prime example of why crypto Twitter (and often crypto media) should not be trusted when it comes to crypto policy. Let's debunk ...

Even if so, how in the world would they ever enforce this?

Unfortunate that @BTC Sessions and @NICO⚡️ fell for the misinformation around the EU and anonymous transactions. Yes, the EU sucks in this regard, but spreading nonsense doesn't help in any way. Your listeners deserve better

That, and it's not even a bill yet, it's a proposal for a new regulation that won't go into effect for another 3 years after approval by the Council. To be clear, it's far from approval and these things are rarely approved unaltered. Also, this regulation doesn't even apply to individuals, but is aimed towards financial service companies. But apparently the Sessions new motto is: "trust, don't verify" 🤔

They won't need to, because no such law exists