Since October 2024, the EU prohibits the use of privacy coins. No surprise there, the way the EU and everything else is going.
I could easily see them make all crypto illegal and only allow cbdc's. They could also make everything illegal that's censorship resistant like Nostr and other Decentralized platforms. They could force KYC to access the internet at all.
How would freedom tech still be of use to us here without breaking tyrannical laws and risk getting locked up.
Just curious, since I'm relatively new to it all and I just want to understand everything better.
We used to have banking privacy in Austria not too long ago, the gov had no right to see what's going on in your account. Of course if they labeled it an investigation suspecting tax fraud, they could easily get a warrant, but at least it wasn't a general surveillance like now.
#asknostr #bitcoin #freedom #crypto
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Yes, mass civil disobedience is the only way forward to liberty, besides the traditional methods gangsterments use since they were invented...🔨🔪
Unjust laws can't be moral by definition!
Asking the right questions!
I have 2 answers:
1. Some combination of p2p to make unstoppable networks, with strong cryptography and a bit of steganography thrown in.
2. We're fucked.
You can read this. It's enlightening. Maybe you can find the answer you need
https://njump.me/naddr1qqgrxwfkvsunvctxvc6xgdfnvyerqq3q0mtatsat7ph6rsq0w8u8npt8d86x4jfr2nqjnvld2439q6f8ugqqxpqqqp65wl39g0n
nostr:naddr1qqgrxwfkvsunvctxvc6xgdfnvyerqq3q0mtatsat7ph6rsq0w8u8npt8d86x4jfr2nqjnvld2439q6f8ugqqxpqqqp65wl39g0n
luv Aleksandr/*****
find boomers cycling out & dgaf for collab/*
> Since October 2024, the EU prohibits the use of privacy coins
Source?
Bypass the state and do your own thing.
I agree. Mass civil disobedience is the way for sure. I just hope there will actually be a mass amount of people disobeying.
As a side note, large enough non compliance was also how we prevented the mandatory covid jabs for all adults in Austria (we refused despite threats of prison and after prison was of the table, the threat was insanely high recurring fines). They had to abandon it all because they couldn't drag that many through the court system.
I think so too. I wish for nothing more than a stateless society with an actual free market.
https://www.investopedia.com/news/what-does-increased-government-regulation-mean-privacyfocused-coins/
"In the European Union in 2024, updated anti-money laundering rules were passed that prevent crypto-asset service providers from allowing privacy-enhancing cryptocurrencies or tokens to be listed, stored, sold, or purchased via their services. This updated legislation did not make peer-to-peer privacy token transactions or their self-custody illegal. "
The interesting/weird thing is that these developments were happening with hardly any publicity.
Its apparently still developing with more regulations likely down the line. And some EU countries go further on their own with bans and surveillance.
This development started earlier in the year as I found out now. Kraken notified that they will delist all privacy coins aling with other exchanges in October. Some EU countries banned them already like Poland and some others have too.
You can look it up, to see for yourself.
Thank you very much!
It's all under the guise of "anti money laundering"... Lmao it's the gov's, politicians and elite types who are actually involved and responsible for the most money laundering and they are the ones acting like organized crime (because they are like organized crime, just with different labels and legalese).
💯
Jesus, why is everyone such pussies. You just break the laws.
Yes, that seems in retrospect the main goal of the Chinese scamdemic - to determine the limits of gangsterment propaganda and coercion on their particular Animal Farm.
That's why they all parroted each other's policies, after the #CCP created that opportunity!😡
Civil disobedience shall also require leaders, rather than just spontaneous mass action.
There will be martyrs, as usual, wherever gangsterment is resisted.😞
This is the "democracy" we live under, where bureaucrats in Brussels proactively control and regulate every aspect of the masses' existence, limiting the possibilities of what's legally allowed not due to an evolving understand and discussion in society, but because in their top-down Socialistic hubris, they truly think they know better than everyone else.
And thus, financial privacy was eviscerated in Europe, without the knowledge or the consent of the peoples of Europe.
When will enough be enough? Why do we continue to llet them speak for us, when they are so consistently against freedom?
Worse, lately they really fancy themselves regulators of the whole WORLD. Their hubris knows no frontiers.
I am trying to look it up for myself but I can't find the text of the law (it's called Mica)
I found an official summary document but a word search for privacy did not yield anything useful
People keep saying the law requires exchanges to delist privacy coins; in just wondering, where does it say that? What is the precise language of the prohibition? Does anyone have a quote?
I know, it's weird. The whole thing is being done as quietly as possible. It seems it's not completely finalized yet. There seems to be huge pressure on the exchanges to delist privacy coins.
Which is how I found out the other day. I wondered why Monero wasn't available to buy on Kraken. Then looked it up, only to see the note from the exchange that they delisted privacy coins due to regulatory pressures in the EU in October. Privacy coins are available on the exchanges outside of the EU.
Then I found that all EU exchanges removed privacy coins already. They were even talking about banning non custodial wallets apparently. It seems the whole thing isn't even finalized yet and the process is still going on. That might be why there's no official law text yet.
I read that some countries are putting it into their own laws as well and some are going to be even worse about it. Germany is supposed to be one of the worst. I'm going to see what I can find in German tomorrow and I will try to find some official documents about it all.
It's definitely going on, but they really want to keep it as quiet as possible.
I'm sorry it's such a weird situation regarding official sources.
I think I found it.
Title I Article 76 Section 3 says:
"The operating rules of [every] trading platform for crypto-assets shall prevent the admission to trading of crypto-assets that have an inbuilt anonymisation function unless the holders of those crypto-assets and their transaction history can be identified by the crypto-asset service providers operating a trading platform for crypto-assets."
Full text here: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114&qid=1735616578262
Thank you! You're awesome. I'm still going to look up a few countries legislations and see if the EU has further plans (which I'm pretty sure they do).