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Re: Second chance for mixers?
by
Lucius
on 20/04/2025, 10:26:13 UTC
⭐ Merited by JayJuanGee (1) ,vapourminer (1) ,Free Market Capitalist (1)
Well, apparently in the EU until recently there were bitcoin ATMs where you could make transactions without KYC under €1,000, and although KYC for all transactions has a limit to be implemented in September practically all ATMs have already implemented it.

I don't know about crypto ATMs because I don't use them, but there are still physical exchange offices (in my country) where you can buy/sell cryptocurrencies up to 1000 EUR worth per transaction without KYC. Given that there are several different companies that offer such a service and that they have dozens of physical branches, it is easy to conclude that the old rules still apply in some EU member states.

USDT has been banned in Europe, you cannot use it legally (it is currently the third cryptocurrency, on its way to be the second in market cap). This coupled with things like what LoyceV commented before. And due to the EU's taste for over regulate I have a feeling that this is only going to be the beginning.
~snip~


I don't miss it, in fact I have never made a transaction in that so-called stablecoin, which is actually a worse version of fiat currency that also has the ability to freeze funds regardless of which wallet they are in. The ECB has been making statements for years that stablecoins are their main target, so it was inevitable that this would happen.

So seemingly, things are much worse in the EU than in the USA in this respect.

That's how it seems for now - but if after 4 years there are changes in the US, the next president can undo everything this one is currently doing and turn things back. Whatever the case, one should not delude oneself that the powerful countries of the world will let things take their course; they are protecting themselves and the system they have built over hundreds of years to rule the world with that system.

Cryptocurrencies are currently just one small pebble in their shoe that sometimes reminds them that they need to do something, but they still don't mind so much that they resort to drastic measures. Realistically, all they need to do is declare cryptocurrencies illegal and ban all CEXs - how many people do you think would give up after that?