Edited on 13/05/2025, 13:03:48 UTC
The solution to this, as always, is to go back to Bitcoin standard and use Bitcoin as it's supposed to be used, which is, p2p non-custodial and possibly decentralized transactions.
By the way, I think that would be implemented on centralized platforms because anonymous accounts can't be banned on decentralized system that's based on Bitcoin standard. Besides, it's basically unsafe to reveal people real identities and link the identities to their crypto assets on a system that's as transparent as Bitcoin.
This will likely be a typical kyc verifications mainly on centralized custodial wallets, exchanges and platforms . The centralized non-custodial exchanges/walletwallets would do well if they become decentralized and implement a decentralized kyc and/or auto-checks on transactions/coins to ensure they are clean or in compliance towith reasonable standards before getting to recipient addresses. The normal decentralized platformplatforms could also implement this.
In regards to privacy tokens, I think it would be better to prevent them from being used for evil or criminal activities rather than an outright ban. They could be very useful to innocent users in times of tyranny.
Original archived Re: European Union to ban anonymous crypto and privacy tokens by 2027
Scraped on 06/05/2025, 13:03:41 UTC
The solution to this, as always, is to go back to Bitcoin standard and use Bitcoin as it's supposed to be used, which is p2p non-custodial and possibly decentralized transactions.
By the way, I think that would be implemented on centralized platforms because anonymous accounts can't be banned on decentralized system that's based on Bitcoin standard. Besides, it's basically unsafe to reveal people real identities and link the identities to their crypto assets on a system that's as transparent as Bitcoin.
This will likely be a typical kyc verifications mainly on centralized custodial wallets, exchanges and platforms . The centralized non-custodial exchanges/wallet would do well if they become decentralized and implement a decentralized kyc and/or auto checks on transactions/coins to ensure they are clean or in compliance to reasonable standards before getting to recipient addresses. The normal decentralized platform could also implement this.
In regards to privacy tokens, I think it would be better to prevent them from being used for evil or criminal activities rather than an outright ban. They could be very useful to innocent users in times of tyranny.