Well, strike the EU off my list. 
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OMG 😱💀
They are weaponizing their own citizens.
All just so their upcoming CBDC is able to compete at all. Without this, many of the younger Europeans would just laugh them out of the room, given the abysmal performance of their shitcoin.
It’s not about competition, it’s about control - especially control of the Common EU Market.
EU sucks balls 🇪🇺
Technically, the EU does not legislate. They pass directives that each state legislature must "transpose". EU regs set minimum mandated -- meaning more often than not, state laws are even worse and more oppressive. On occasion, an individual state may disagree and find ways to skirt or creatively "interpret" the directive, though that may upset the overlords and put in motion punitive action.
Elected Parliamentarians legislate. Appointed Bureaucrats regulate. Unfortunately, the latter has gotten the better of the former in the EU.
Lol. Canada is much worse.
Use Bisq. Never use centralized exchanges. Simple as.
Don't most exchanges worldwide do this anyway?
Having a law is probably better as it creates more awareness
PSA that Bisq and RoboSats exist.
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So, no different than US exchanges? What am I missing?
Wow, this is crazy.
Every exchange that requires KYC does this already and has done so for years.
But unfortunately many of the youth can easily be bought with cash or bonus points if they except CBDCs 🤷🏻
I know people who will gladly except CBDCs if they get more into their account.
Wonder how this will be compatible with lightning withdrawals 🤔🤭
This is coming worldwide, and it's called the travel rule, originally created by the financial action task force in 2018 when they revised Recommendation 15.
Legislation has passed IN ALL COUNTRIES with various degrees of implementation. Search for "Travel rule [enter country name here]" to see how it's implemented there.
Make no mistake, us, Canada, el Salvador, etc etc will ultimately be compliant with this.
I am a civil servant and have actually drafted the law to impose this requirement in my country, and I'm now trying to speak up about it to warn everyone. If you know a podcast who may want to discuss just tell them to reach out.
Gleam of hope: Maya Parbhoe running for president of Surimame is the ONLY non-north Korea country to openly denounce the FATF. Donate to her campaign on geyser.fund if she gets elected that country will be the only bastion of freedom left, in terms of Anti Money laundering requirements like the travel rule.
Ah yes, the FATF, that quasi-public body where liberal democracies think they are doing the right thing and authoritarian regimes love it for the total financial surveillance that is being put in place. The FATF has managed to put themselves into a place where governments think they are accountable to them for fear of being put on a gray list.
Yes, that's the one. It's responsible for the EU travel rule, and every other country as well. Countries and regulators are in the implementation phase. Takes a few years for policy to become law, and law to become enforced.
I suggest everyone developing value transfer tech do so anonymously. If there are balls to grab, governments will grab them.
I think the difference is that when it's send from exchange to exchange, the sender's name, home address, date of birth, passport number, exchange account, among otherd must be send along with the transaction.
You also can't send to a self-custodial wallet,
There are more rules and exceptions.
the war has only just begun, Bitcoiners and esp holders in cold storage have no idea of the aggressive attacks coming...
Slowly dawning on me how a particular civilization might slip back into “dark ages.”
Inch by inch
Happy being in Switzerland 😜