Quote from: PX-Z on March 23, 2024, 03:43:40 PM

Good thing i don't live in EU, unfortunately to those. But it looks like useless to me if transacting using non-custodial wallets. Not unless there's only a required wallet to use in every transaction which will be a fuck up to every EU citizen. But if not, this is just absurd law.

Most nations especially developing ones always copy the policies of the European Union nations. I don't know where you live but the law might come to your country sooner or later. Bitcoin I not just a threat to Europe but the entire world government.

Quote from: davis196 on Today at 07:13:30 AM

I guess that I'm gonna just "fly under the radar" since most of my payments are way below 3,000 euro.
Crypto to fiat transaction(and vice versa) aren't anonymous because the crypto seller knows your bank account info such as name, address, IBAN, etc. Only crypto-to-crypto transactions can be truly anonymous and I don't know how the European regulators are going to track and ban transactions, which are happening on the blockchain. We've seen this before. Bitcoin is having a bull run and the regulators and governments start creating FUD via proposals for mindless crypto regulation. Nothing new here. I guess that Switzerland is the best country in Europe when it comes to crypto regulations.

To avoid these restrictions one can also split payments that are above the €3000 threshold. Only crypto-to-crypto transaction that uses a non-custodial wallet are pseudonymous and they can be traced if these coins are later moved to centralised platforms. I doubt if this law will lead to FUD which can affect the price of Bitcoin.