European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy.
Members of the center-right European People's Party opposed many of the more controversial changes, condemning what they called a “de facto ban of self-hosted wallets.” A separate legal proposal also discussed today would stop transfers being made to “non-compliant” crypto service providers, which includes those operating in the EU without authorization or that are not affiliated to or established in any jurisdiction., and from legal experts who warned that overly heavy handed privacy violations could face legal challenges in EU courts.
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jackschickler This is where $SATA SataToken will help. By offering DID rights via NFT. Allowing users to do KYC, without the powers that be collecting their data and mishandling it 💎
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jackschickler That's why you should check $BEAM ekosystem
jackschickler European Parliament did not understand, how ECDSA really works. This is why they ban it. Like everything else that will be banned in future in EU that has nothing to do with steal and coal and central bank money.
jackschickler *self-hosted
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jackschickler Whilst cash is what most outlaws use, these EU ignorants keep using our taxes to vote this nonsense shit
jackschickler Here in Germany, digitization has already been overslept. Now those in the EU are oversleeping the next big topic. But it doesn't surprise me, because people are at work there who think from the kitchen to the toilet. Good night EU! Good buy from my ledger🤓
jackschickler Don't use the language of the enemy, is not an unhosted wallet, is just a wallet, just like a house is not a anti-comunal-property. The language implies the wallet lacks something, and that something is needed.
jackschickler Don't bother your mind by trying to recall your lost token, let Dexfolio do the thinking and finding for you.. Get this app on Applestore n Google store
jackschickler If someone is worried, I’m just going to leave 2 images right here:
jackschickler I always wonder who is voting for stuff like this. It's gonna be a nightmare for the poor souls that have the job to check the transactions 🤣😂
jackschickler Time to check out these zero-KYC defi platforms: bisq_network - truly defi exchange that will NEVER require KYC. SovrynBTC - Derivatives trading with no KYC if you deposit using BTC. Both of these platforms are 'un-shutdownable' in the way that torrents are.
jackschickler Let's see how this will go... Hopefully, wallets like GetBlockWallet will be key in ensuring total privacy and control over our money. We need total decentralization and to be anonymous in every transaction we make. But of course, the banking system can't have that 😤😤😤
jackschickler Hahahaha suerte!!!
jackschickler Waiting to see what happens with U.K
jackschickler Cryptocurrency is simply forcing states to have the terminal confrontation with their populaces over privacy. They always thought they were entitled to your personal information and now that something as powerfully liberating as crypto exists, they are no longer asking.
jackschickler Should have used Monero
jackschickler Bravo 👏🏼 👏🏼…we missed the internet, might aswell miss the next generation internet. Very disappointed. Why power corrupts so much😔
jackschickler Euros sounding like some pussies nowadays. You still paying 'taxes' to your lying criminal governments? You know they are simply robbing you right
jackschickler crypto is not hurting anyone therefore these people are criminals. Don't answer the phone, mail or door and buy lots of $XMR $XHV and $SHD Problem solved.
jackschickler Close the scam industry down
jackschickler Europe, you going to make me leave bro
jackschickler Next from EU: All TCP packets exceeding 1 MB will need to be reported to the authorities by the respective ISPs in latest KYC regulation.
jackschickler This will fail miserably. Europe just banned themselves into irrelevance 🤣 they don’t need Putin to destroy them. They do it perfectly well by their own 😂 good luck suckers
jackschickler
jackschickler How long will this take for it to make its way through Parliament and the National Ministers?
jackschickler This will slowly reshape our global economy in the future. Exodus from regulatory authority to a more friendly one. Consequently, 2nd, 3rd and 4th tier economies will benefit if they lead. This is their moment to cease the opportunity.
jackschickler Boooooooo
jackschickler This is big for $CCD and $AZERO
jackschickler More trust is good for the future. Reg means moving towards adaptation.
jackschickler After the EU realizes GDP in every country will be crap the next few years, they will change their minds. It’s a matter of time.
jackschickler boooooo !!
jackschickler What, if anything, does this mean for investvoyager ?
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jackschickler Oh damn the alt coins...
jackschickler *laughs in Monero*
jackschickler Gotta get rid of control freak acceptance
jackschickler Angry old people trying to harness something they have no clue about, good luck with that.
jackschickler torproject VPN bitcoincoreorg opsec
jackschickler Kyc deez nuts !
jackschickler Time for some civil disobedience
jackschickler Next they’ll be asking for our seed phrase 😮💨 at least this increases the demands for DeFi. $UST will explode.
jackschickler
BarrySilbert jackschickler
jackschickler 下跌需要个理由吓唬我们小韭菜
JuanSGalt jackschickler Enforce this dick
jackschickler We were told Bitcoin is decentralized, censorship-resistant, and absolutely beyond the reach of regulators. That was the core of the argument in favor, the thing’s USP, its very raison d’être. Unfortunate turn of events…
jackschickler Thank goodness for Brexit.
HaileyLennonBTC jackschickler KYC on un hosted wallets………. Righty ho 🤣 🤣🤣
jackschickler When does this rule go into effect ?
jackschickler The crypto 'regulation' the EU wants to put in place is anti-democratic, violates fundamental rights of the individual, and jeopardize the security of key holders through the KYC obligation for non custodial wallets, whose identity thereby can become transparent to criminals.
jackschickler So... where are we moving to? Any free countries still around?
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jackschickler Thats why there is THORChain 😉
jackschickler EU Reg approved $ngc , period
jackschickler Also European laws are just sent to European countries which have months or even years to apply them. This is not gonna happen tomorrow morning then, there's still time to migrate to CEXs or cash out and buy a house outside EU 😜
AltcoinPsycho jackschickler
WLitecoin jackschickler decentralized finance $FTM $Wigo
jackschickler This decision was taken without foresight and is pure actionism. Furthermore, it does not really combat money laundering. The EU is once again standing in its own way. Really sad.
jackschickler Laughing in XHV and RUNE 😂 kyc my balls
jackschickler these lawmakers do not have people's interests at heart
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jackschickler The evil, insidious, must-be-destroyed WEF strikes again.
jackschickler You know you could at least keep the headline factual
jackschickler Please stop saying unhosted wallet.
jackschickler It's horrible that normal people can't avoid checks from the tax office and have to explain every $1000 while companies specializing in crypto will be laundering money and doing fictional transfers on large scale.
jackschickler Providing the wallet resides within the EU.
jackschickler This should piss everyone off 😡
jackschickler I think this is also aimed to deter eCommerce purchases of watches, art, Jewlery that are easy to move. I mean below 1k is shirts and pants territory
jackschickler We just need to print bitcoin. And the asian guy on the corner will be happy to exchange this using blockchain.
jackschickler This sounds good for my $ID bag 😳 Pls confirm sers JaroCrypto Chainlank
jackschickler You cant make that shit up…
jackschickler SimplyBitcoinTV Europe has just become a worse shithole
jackschickler Normalize using mixers as a a standard privacy measure. tornadocash
jackschickler It's now EverestDotOrg, bobreideverest time to shine.
jackschickler EverestDotOrg $ID has been building and warning the industry for exactly this but nobody has been paying attention or caring.
jackschickler BTC wrap to 1000 $
jackschickler LNicholsonova tento zakon nezvysuje slobodu jednotlivca prave naopak.
jackschickler Thats why we need Thorchain $rune
jackschickler I’ll just drop this here: $xhv
jackschickler Idiots
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jackschickler The writing is on the wall. Crypto is going to be regulated in a similar way to current securities in the name of consumer protection. Really, it’s about control. Western Gov’ts are incompatible with the idea of powerful tools existing that they cannot control. Crypto Ethereum
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jackschickler The plans must also be agreed on by both the parliament and national ministers, who meet as the EU Council, in order to pass into law any chance some national ministers will object?
jackschickler Send funds to self on a privacy chain like beamprivacy, inform them that you transferred to yourself, and don’t let them track the rest of your spending on chain. Easy
jackschickler What ? They'll torture people to get SEEDs ? 😶😶🤣
jackschickler Europe ngmi once again.
jackschickler $kilt is ready.
jackschickler Do they want to kill the anonymity of cryptocurrency?
jackschickler
jackschickler Sigh!
jackschickler Is this actually a bad thing? More regs means more trust. More trust means more investor confidence.
jackschickler
jackschickler Monero bullrun imminent
jackschickler What are unhosted wallets?
jackschickler Big Yikes
jackschickler How do you force KYC on unhosted wallets? Sounds absolutely impossible.
jackschickler Convert your bitcoin to monero.
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