Post
Topic
Board Economics
Re: Member Of The E.U. Parliament Says Crypto Transactions Shouldn’t Be Anonymous
by
mikeywith
on 29/03/2022, 23:45:45 UTC
This guy is talking about KYC for crypto services

It doesn't say so.


Quote
"Just like bank transfers, transferring crypto like Bitcoin should be accompanied with information about the person sending and receiving the funds,” he wrote on Twitter earlier today."

They are talking about all transfers, just like the last regulation of Coinbase, if you reside in Canada, Japan, or Singapore you are required to provide information about the recipient even if you were sending them to an individual.

And most centralized exchanges are now also asking for compulsory KYC, so this is not new anymore.

There is a difference between doing your KYC on the exchange once vs having to write the name and/or physical address of the person you are sending your crypto to.