Thread

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.

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?