Quote from: CaVO32 on March 29, 2022, 09:30:58 PM

Quote from: Beerwizzard on March 29, 2022, 06:02:56 PM

It is pretty logical if he is talking regarding businesses accepting crypto as payment. For some people it is pretty naïve to believe that companies start accepting thousand $ worth of crypto. It doesn't work like this with fiat and there is absolutely no reason to change it for crypto. Seriously, try to take lots of cash and try ty make an expensive purchase somewhere in US or EU. Lovely visit to the police is guaranteed.

This guy is talking about KYC for crypto services which we already have and €1,000 threshold for it which is a fairy high number ( at least better than complete KYC for all crypto transactions).

This is already happening to some extent. But for some p2p services and if you are using a trusted platform, there's no need of full KYC. There are some instances that you do need to disclose your identity especially if you are using a legal 3rd party service provider that are operating under their government's jurisdiction. And most centralized exchanges are now also asking for compulsory KYC, so this is not new anymore. Though there are still services that we can pay anonymously but the number of merchants requiring KYC for crypto services are now growing.

Even p2p platforms are having KYC today. There is almost no way to buy crypto without leaving your data. At the best case you will still have to pay with your card which would still reveal your identity. It shouldn't harm the normal users but is someone is trying to cheat KYC then most likely this person needs this btc for illegal activities.

Quote from: mikeywith on March 29, 2022, 11:45:45 PM

Quote from: Beerwizzard on March 29, 2022, 06:02:56 PM

This guy is talking about KYC for crypto services

It doesn't say so.

He means so.
I just highlighted the general topic since many people are imaging crypto apocalypse when reading something about possible restrictions.