Post
Topic
Board Bitcoin Discussion
Merits 6 from 3 users
Re: New EU AML ban bitcoin anonymous payment
by
stompix
on 23/03/2024, 21:40:42 UTC
⭐ Merited by NotFuzzyWarm (3) ,PrivacyG (2) ,o48o (1)
This isn't the case, you are completely anonymous when you coinjoin. Participants in a group transaction can't be distinguished from each other since there's multiple clones created with the exact same value -

I just sent an anonymous payment for my phone bill that confirmed 15 minutes ago - https://mempool.space/tx/bc1d47736e2c9cecff996efb191406ac40c96b858170941c0f9b40cb5e04875b

AND I'M GONNA DO IT AGAIN NEXT MONTH TOO  Cool Cool Cool

You don't understand what this ban is about, it's not about stopping you from sending a tx!
It's a about any company not allowed to receive a payment of over 3000 euros from an anonymous source!

So your bravado is...empty slogan!

You are free to enter a store and, buy a 5000 euro tv and try to pay with crypto, but the store will simply refuse your payment unless you id yourself! So?
What does any mixing, conjoin or anything else solve here?

As for the all caps breaking news...

Quote
The new AML legislation applies certain limits for cash transactions and anonymous cryptocurrency payments. Under the new rules, anonymous cash payments over 3,000 euros will be banned in commercial transactions, and cash payments over 10,000 euros will be completely banned in business transactions.

The new legislation is expected to be fully operational within three years from its entry into force.

I doubt more than 5% of the forum does more than 2 payments over 3000 euros for goods a year that can be split into two or three.