Post
Topic
Board Bitcoin Discussion
Re: New EU AML ban bitcoin anonymous payment
by
Aanuoluwatofunmi
on 23/03/2024, 15:04:09 UTC
It is not only bitcoin payment but other cryptocurrencies.

I have just seen this on X. I think it will be true.

Quote
BREAKING

NEW EU AML LAWS BAN ALL ANONYMOUS CRYPTO PAYMENTS.

ANY CASH PAYMENT ABOVE €10,000 WILL BECOME ILLEGAL, WHILE ALSO ANONYMOUS CASH PAYMENTS ABOVE €3,000.


https://twitter.com/Ashcryptoreal/status/1771470306848170399?t=Mos0R80oSD44bjinonMJww&s=1

Government just want control when there paper fiat is anonymous. But this is rubbish because some people will still use noncustodial wallet for transactions.

Stupid law.

All these will only be effective on users who have refused to desist from the use of a custodial wallet and think their privacy is nothing in anyway to affect them, until they are been banned from using any of the exchanges by the government regulation and their asset frozen along with these centralized exchanges before learning their lessons, if we could only realized that bitcoin is not what is expected of us to hold on centralized exchanges, instead on our personal non custodial wallets.