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Thursday, 26 August 2021

New draconian regulation from EU. Closed-loop has never been more important!

Yes, they actuall intend on banning the use of anonymous wallets. In practice that must mean that the FATF travel rule is applied, and hence a source wallet sending to e.g. an exchange must be KYCed as well.

https://www.euronews.com/next/2021/07/21/eu-will-make-bitcoin-traceable-and-ban-anonymous-crypto-wallets-in-anti-money-laundering-d?fbclid=IwAR3g5T5SzNeMaaL6pOelAokOD5myRgmVROxWrXfEgrCE9MNycEM5fHGhJyA

submitted by /u/chainxor
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