EU Moving to Ban Privacy Coins

in crypto •  2 years ago 

EU Moving to Ban Privacy Coins: Report

The European Union is said to be mulling a ban on privacy coins, including Monero (XMR), Zcash (ZEC), Secret (SCRT), and Dash (DASH).

Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans

The alleged document was leaked to Coindesk, but I can't, as yet, find a copy.

Usual lame excuse: AML.

Money Laundering through Money Remittance and Currency Exchange Providers

FATF Report to G20 on So-Called Stablecoins

Bitcoin money laundering: mixed results? An explorative study on money laundering of cybercrime proceeds using bitcoin

So, is this a real problem?

20 Money Laundering Statistics [2022] Facts About Money Laundering In The U.S.

Despite a rise in cybercrimes in 2020, criminal activity that used cryptocurrency fell by over half between 2019-2020.

In 2019 the proportion of cybercrimes that made use of cryptocurrency was 2.1%. However, despite the pandemic, this number fell to only 0.34% in 2020.

It isn't about criminals, it's all about absolute financial control. I feel so grateful to be so protected.

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  ·  2 years ago  ·  

The only reason why they want to do this is to tax more. Our taxes are horrendous.

  ·  2 years ago  ·  

perfect "sales tax" plus constant monitoring.
whatever happened to digital freedom? the greed of defi made many forget such issues.

  ·  2 years ago  ·  

Why does it seem like the US and Europe are always in competition to be behind on technology?

  ·  2 years ago  ·  

behind? I don't think this is about lagging behind; it's about full spectrum control. Except they have to vote on such things - can't just implement them, like China - have to pretend there is a process of consultation.

  ·  2 years ago  ·  

The English-language news is so skewed to the USA it is easy to forget there is a far larger rest-of-the-world.

But surely they have no jurisdiction over Monero? So if ur not IN the UK should you hold on to monero?
It could also be fear-mongering to try and get the dominoes to keep falling.


Posted from https://blurtlatam.intinte.org

  ·  2 years ago  ·  

the point is to make coins-to-fiat gateways more difficult, or impossible.

Oh I see. but they plan to get rid of fiat anyway and there are ways round all of their lunacy. People can always find loopholes.


Posted from https://blurtlatam.intinte.org

  ·  2 years ago  ·  

In what way is a central bank digital currency any different to current fiat?

Most people are lazy, stupid and scared of consequences - not a recipe to find and use loopholes - those are already there for the rich and for scammers, even without crypto.