Quote from: iwantmyhomepaidwithbtc2 on October 24, 2023, 10:28:07 PM

The same will soon apply to pools based in the European Union. It seems that when the Mica law comes into application, a KYC will be required for mining activities in EU.

The European Union has no business in Bitcoin mining, whatever operation they might have would be considerably small and not worth mentioning, so who is fool enough to set up a mining pool in EU anyway? what would they gain? tax are higher than the majority of the world, no local clients of interest, exactly nothing.

I understand why would someone start a mining pool in the U.S, because regardless of the regulation, the U.S is the largest mining hub, so being a U.S "made" mining pool would certainly have some advantages at least to the larger corps mining BTC, but in EU, I don't see why.

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European users of Nicehash (based in Slovenia) could soon or later have a bad surprise when logging in...

What are the news?

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I guess as soon as they will start to claim that mining in a foreign pool is a form of tax evasion. Cheesy

Oh, that would be pretty light, I hope it stops there, for all I know, they could use the terrorism, Iran, Russia, and Hamas card, which would be pretty devastating to BTC in general, a few weeks ago Binance froze a dozen Palestinians' accounts, the excuse was that they were "related to Hamas", we know who is behind that, there is only one country which has the means of forcing Binance to do that, ya politics sucks, let's hope these governments don't weaponize crypto further for personal gains.