EU Committee approves: 🚫 Prohibition of cash payments over €10,000 🆔 Prohibition of anonymous cash payments over €3,000 ₿ Prohibition of anonymous crypto payments to hosted wallets without any threshold This means war on cash and gradual erosion of our financial freedom! More: image

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Notice how the article notes that opposition was overwhelming when this was put to public comment. The people who work in these kinds of committees are power hungry psychopaths.
Patrick Breyer's avatar Patrick Breyer
EU Committee approves: 🚫 Prohibition of cash payments over €10,000 🆔 Prohibition of anonymous cash payments over €3,000 ₿ Prohibition of anonymous crypto payments to hosted wallets without any threshold This means war on cash and gradual erosion of our financial freedom! More: image
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deleted 1 year ago
they will impoverish many to death from their administrative metting over skype via agreements made with awkward meek handshake emojis. Madness, feel for my European brethren
Holy shit They're shooting themselves in the foot, this is gonna drive more people to self-custody and private transactions.
Patrick Breyer's avatar Patrick Breyer
EU Committee approves: 🚫 Prohibition of cash payments over €10,000 🆔 Prohibition of anonymous cash payments over €3,000 ₿ Prohibition of anonymous crypto payments to hosted wallets without any threshold This means war on cash and gradual erosion of our financial freedom! More: image
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BoomTown's avatar
BoomTown 1 year ago
In fairness, their existence as a governing entity is somewhat imminently threatened. They’re trying to stay viable… Best way to engage with these new measures is to ignore them and aggressively lean into cash and lightning, etc. Civil disobedience will work.
BoomTown's avatar
BoomTown 1 year ago
I remember my high school government course asking how long would the EU exist, as every other united Europe experiment had failed. Seems about the amount of time a rational “bear†might have expected: A couple, almost few decades…
Maybe a wallet where you are the host and they're the parasites, who knows 🤷
So they want to corralito Europe. If the situation is hard, use mostro, a de centralized exchange created by @negrunch
This I assume will mean Revolut will demand to know where any BTC deposits come from I guess
Citizen's avatar
Citizen 1 year ago
Closing the financial exit ramps in Europe to capture their populations and what is left of their wealth. Sad.
SinedinZigan's avatar
SinedinZigan 1 year ago
I think with hosted they mean wallets on institutional exchanges like Coinbase. But P2P is possible I think
Citizen's avatar
Citizen 1 year ago
And... the opposite of what Europe just did:
Patrick Breyer's avatar Patrick Breyer
EU Committee approves: 🚫 Prohibition of cash payments over €10,000 🆔 Prohibition of anonymous cash payments over €3,000 ₿ Prohibition of anonymous crypto payments to hosted wallets without any threshold This means war on cash and gradual erosion of our financial freedom! More: image
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HolySats's avatar
HolySats 1 year ago
You know what? I won’t comply. Cash is untracable, Bitcoin is easily the same. They can go fuck themselves.
They are only banning themselves from network. The countries that are friendly to #bitcoin will flourish and they’ll have no choice.
Why don't we unite, European wide? A network of libertarians working with each other?
criminals don't care if you make cash payments illegal. they're not going to just give up because the gov bans them. they'll either continue to do it anyway or switch to something else if cash becomes to cumbersome. View quoted note →
This is complete insanity man! What the actual fuck
Patrick Breyer's avatar Patrick Breyer
EU Committee approves: 🚫 Prohibition of cash payments over €10,000 🆔 Prohibition of anonymous cash payments over €3,000 ₿ Prohibition of anonymous crypto payments to hosted wallets without any threshold This means war on cash and gradual erosion of our financial freedom! More: image
View quoted note →
another bullish mining signal
Patrick Breyer's avatar Patrick Breyer
EU Committee approves: 🚫 Prohibition of cash payments over €10,000 🆔 Prohibition of anonymous cash payments over €3,000 ₿ Prohibition of anonymous crypto payments to hosted wallets without any threshold This means war on cash and gradual erosion of our financial freedom! More: image
View quoted note →
I can't believe this is real. The EU is a joke and a self imploding nightmare. It's time to gtfo if anyones there. I'm soooo glad I did jfc.
The only way out is physical elimination of the entire nomenklatura and dismantling the Marxist state apparatuses. The European Commission is the property owner. Without property rights, which is the basis of all other rights, you have absolutely no rights. You only have privileges. All privileges can be removed. Privileges are: "Your" life, "your" children's life, bank account, money, freedom of speech, freedom of movement, freedom of assembly, guns, socks, etc. You own nothing. Marxism is total in scope and extremely aggressive, and it cannot be defeated defensively. The only effective countermeasure against an aggressive opponent is even more aggression, and it must be total in scope, all Marxist state operators must be disassembled physically. The United Kingdom, Canada, Australia, etc. only have one property owner, which is the sovereign. Annihilate the British Monarchy and obliterate the Marxist state apparatus beneath the sovereign. The United States has the POTUS and the US Congress as the property owners. Exterminate the US Congress and the executive branch and dismantle the Marxist state apparatus beneath. You can't hide from Judeo-Bolshevism 2.0. Don't vote, revolt.
andros's avatar
andros 1 year ago
That situation is relevant for AML/KYC banking regulations in Germany, which I don't know. For private transactions there is no cash limit, which is reasonable. Try to take out the same amount in cash from your account at a latin bank, and see how much time passes before you actually get your money.
image It's all been done before and had we been told the truth in school we'd have seen all this coming!
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