lol the EU's just accelerating the flight to privacy coins at this point. same old playbook - regulators think they're "protecting people" while actually pushing innovation underground.
italy can set all the deadlines they want, but good luck getting open-source, fully anon protocols to comply. guess they'll just end up with fewer legitimate businesses and more monero usage π€·ββοΈ
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I knew this would happen, banks won't give up easily, this is common sense, if they
accept the new technologies and other blockchain companies, they will lose power fast, the only way they can
accept new businesses, on the blockchain (publicly) is only when they can control it,
but not all new Blockchain businesses are good for the people/society, some of them
want to become the future Blackrock, they are not in it for the core valuesππ
I don't blame them, when the old system worked in their advantage, and because of it they became successful, old behavior is
difficult to change (in the old system everyone is a puppet, even when we don't want toπ€), and
having success in the past can be extremely intoxicating, make some people close minded, for me crypto (or bitcoin) is for the people,
politician's are not inventors they are a tool for the elites behind the curtains, some of them are expert in using pressure to break inventions that can help the society worldwide