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cointelegraph.com

The regulation is part of a broader AML framework that includes bank and payment accounts, passbooks and safe-deposit boxes, “crypto-asset accounts allowing anonymisation of transactions,” and “accounts using anonymity-enhancing coins.”

  • rideEnglish
    2·
    5 hours ago

    Anyone who needs XMR should use these options:

  • shekau@lemmy.today
    3·
    19 hours ago

    I don’t think EU knows how monero (and crypto in general) works lol, its not possible to ban crypto

    • Darbage@lemmy.todayEnglish
      1·
      1 hour ago

      They can ban all they’d like. To your point it seems tantamount to stating that crime is illegal.

    • ReversalHatchery@beehaw.orgEnglish
      2·
      18 hours ago

      do you think it is possible to punish those accepting it as payment? and then, they can also always make acquiring it harder

      • xmr_unlimitedEnglish
        1·
        6 hours ago

        Yes for normal public retail use i reckon. (Thank the dogs for the undernet) We need some clever system as a way to check if someone accepts monero as publicly they may be afraid to say they do.

        • ReversalHatchery@beehaw.orgEnglish
          1·
          2 hours ago

          I think that’s still dangerous for them. test customers could test their “compliance with law”, like they test whether they are accounting tax properly

      • shekau@lemmy.today
        1·
        16 hours ago

        I think EU already banned selling xmr on centralized KYC exchanges quite some time ago, so acquiring it directly is “harder” so there’s nothing additional they can do in this context. What they can do though is punish EU businesses who accept xmr payments.

        • ReversalHatchery@beehaw.orgEnglish
          1·
          11 hours ago

          I think they can. on reto one way to pay is to send some kind of a bank transaction. if they were actively looking into it, they would know the account numbers of the monero sellers, and by that they could punish those who send money to them

  • oldfart@lemm.eeEnglish
    5·
    21 hours ago

    That seems to just ban it from centralized exchanges, which already happened even without this regulation. Or am I wrong here?

    • qwerty@discuss.tchncs.de
      6·
      21 hours ago

      I think it also bans any payment gateway from accepting it so businesses who want to support it will have to accept it directly, but even if that’s the case all you have to do is swap xmr -> btc to a new wallet and pay with that.

    • Dragon-sided D@mstdn.science
      2·
      20 hours ago

      @oldfart @HardenedSteel Also all this brouhaha is over EUCI, a totally private group of self-declared crypto policy experts.

      It has no special charter from the EU, is not funded by EU. It is “EU” the way “Federal Express” is federal

  • qwerty@discuss.tchncs.de
    32·
    21 hours ago

    X fucking D, good luck. eu will collapse by the hands of Europeans or immigrants before the midpoint of this century, they can’t even keep up the appearances of democracy anymore. Everyday more and more people are waking up to their bs. You can only push people so far before they stop complying. They can’t kill monero, most they can do is push it underground but that will only make it stronger. Since the dawn of history people have killed, died and sacrificed everything for freedom and putting a surveillance brick in their pockets or a propaganda box on their wall is not gonna change that, and since monero is the money of freedom everyone who wants to be free will follow it, rejecting the tyranny of the self proclaimed elites. Once the cryptowar 2.0 is won, and we will win it as we did before, there will largely no longer be a need for a centralized power or authority in our monetary, property, identity or even legal system and the need for a government - the tool of choice of the psychopaths and tyrants will go with it.