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- cross-posted to:
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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.”
I don’t think EU knows how monero (and crypto in general) works lol, its not possible to ban crypto
do you think it is possible to punish those accepting it as payment? and then, they can also always make acquiring it harder
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.
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
How would they know if you’re sending them money for monero or something else, though?
they wouldn’t, but who cares why do you send money
That’s what would determine whether you’re breaking the law in this scenario.
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.
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
They can ban all they’d like. To your point it seems tantamount to stating that crime is illegal.