EU's upcoming crypto AML regulation (TFR)

[Goodman]

Thing is they cannot control wallets and transfers also, all idea of crypto is to avoid centralised control, government freaks with too much desire to control can also loose this same control if many people not accept it

 

[troubled soul]

Russia, Sanctions, and Crypto's Moment of Truth

https://www.nasdaq.com/articles/russia-sanctions-and-cryptos-moment-of-truth

 

[backpacker]

Russia, Sanctions, and Crypto's Moment of Truth

https://www.nasdaq.com/articles/russia-sanctions-and-cryptos-moment-of-truth

Indeed, and what happend over the past 12 hours illustrates that the future of BTC is highly dependent on what regulators decide https://cointelegraph.com/news/crypto-industry-pushes-back-after-eu-vote-to-block-unhosted-wallets
If the value of a so-called uncontrollable asset collapses by 10% just because a few EU-bureaucrats in Bruxelles submit a vote for further elaboration by member states, it will get very nasty when the US suddenly moves against crypto. The China-event of 2021 would suddenly look like a non-event.

 

[JackAlabama]

Indeed, and what happend over the past 12 hours illustrates that the future of BTC is highly dependent on what regulators decide https://cointelegraph.com/news/crypto-industry-pushes-back-after-eu-vote-to-block-unhosted-wallets
If the value of a so-called uncontrollable asset collapses by 10% just because a few EU-bureaucrats in Bruxelles submit a vote for further elaboration by member states, it will get very nasty when the US suddenly moves against crypto. The China-event of 2021 would suddenly look like a non-event.

statistics 101: Correlation is not causation. The structure already looked weak from a technical point of view and Terra did not buy BTC. So a small correction looked likely and did not surprise anyone.

What these powerless eudssr bureaucrats decide, does not matter much in the bigger sense of things as Europe is already largely irrelevant.
Looking at USA, this is increasingly unlikely. It would make more sense for them to drown the world with this nonsense regulation and itself enforcing none of it (similar to the private banking of complicated money).

 

[Cocopops]

What was predicted happens, now leaving europe become a bigger option. However lots of seems to think that new world (communism 2.0) is only for europe, actually it is probably not true. As I said here during the covid every government followed the same narrative and the orders that was coming from above, "states" is a notion that will begin to disappear.
So yes you can leave europe to flee plague and win time but it will follow you everywhere so be prepared, africa will be probably the last place to join the rank so maybe the best place to live far from this sci fi world the longest time possible.

 

[Don]

Order and lists of votes | Votes | Plenary | European Parliament

Find the provisional voting lists, order of vote and voting time.

www.europarl.europa.eu

EU Parliament Approves Crypto Licensing, Funds Transfer Rules

The vote clears the way for landmark MiCA regulation to take effect in 2024.

www.coindesk.com

MiCA, the new crypto licencing regime, was approved by European Union lawmakers today. Additionally, the European Parliament approved a separate law known as the Transfer of Funds regulation, which requires cryptocurrency operators to identify their customers.

Crypto-assets: green light to new rules for tracing transfers in the EU | News | European Parliament

Parliament endorsed the first EU rules to trace crypto-asset transfers, prevent money laundering, as well as common rules on supervision and customer protection.

www.europarl.europa.eu

 

[Jorozey]

Yep, the big is achieved


They will do whatever it takes for full control!