Quote from: coolcoinz on October 23, 2023, 07:35:33 PM

Anyway, the system can be "cheated" as the limits aren't per day, but per transaction, so it only makes things annoying, but not impossible to accomplish Wink

Well, that's already covered under this proposal. This would be classified as "splitting CVC for transmittal and transmitting the CVC through a series of independent transactions", which by their new definition counts as mixing. And I know you are speaking about EUR, but this legislation will absolutely spread beyond the US and affect the whole world soon enough.

Quote from: BlackHatCoiner on October 23, 2023, 08:09:03 PM

Is there anything the people outside the US can do to help? Or do comments get submitted eponymous?

Spread the word.

Quote from: hatshepsut93 on October 23, 2023, 08:50:55 PM

If you are using Bitcoin the way the cypherpunks envisioned decentralized money, then Bitcoin fulfills its goal of being decentralized money.

Well yes, but that is missing the point. This bill will not affected me directly since I have never and will never use any KYC platform. But it will absolutely force more service providers down the KYC route, it will massively increase the barriers for new small businesses and service providers to start accepting bitcoin, it will turn many people off of bitcoin altogether, and it will create a two tiered system between "government approved bitcoin" and "free bitcoin". All of this is terrible for bitcoin on the whole.

Comments on the proposal are now open, and remain so until January 22nd: https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions#