MultiversX Tracker is Live!

Both EU and US are planning to make private „anonymous wallets“ illegal. We CRYPTO holders need to act now!

All Cryptocurrencies

by COINS NEWS 225 Views

So the regulatory grip is tightening around the world and it’s getting more and more absurd. We as crypto supporters need to come together and should wipe off the tribalism. If governments want to make anonymous wallets illegal it only means one thing: Crypto owners being forced to deposit their holdings on „identifiable“ wallets, which are usually only available on exchanges (= the new banks?) These are places where authorities are able to have a detailed look at your holdings and even have the possibility to confiscate your holdings or block you for whatever reason they have. Being the only person who has complete control over your own crypto assets was and is the main argument for crypto and the ultimate form of freedom. There’re already existing KYC/AML rules on exchanges which is fair enough, but forcing people to get rid of their private wallets is outrageous! I urge everyone to have a look at your country’s plans and to contact politicians who are responsible for these topics. If we don’t do anything against this, regulation will kill all the innovation and freedom we’ve achieved so far ...

EDIT: So I obviously wrote this post in an emotional state, I could've added additional sources, but it doesn't change the fact, that these are important times ahead of us and that governments and (central banks) around the world don't like the dynamics coming from the whole crypto and blockchain sphere.

Here's another source coming directly from an EU member: New rules for Bitcoin & Co: My proposals for the EU crypto regulation - Sven Giegold - Mitglied der Grünen Fraktion im Europaparlament (sven-giegold.de)
Thx to /u/meesa-jar-jar-binks/

Additional info by /u/popopopopopopopq/ Thx!

But they are indeed doing some work on Crypto. Here some sources:

Draft the article was mentioning

EU Regulatory framework for crypto-assets (below you can find all their documentation on all Impact assessment reports, Opinions, summaries, proposals for regulations.

Details on the Expert Group that is working on it

Proposal Currently pending (EP and Council have to approve)

A detailed article about the MiCA

For what regards the EU side, as citizens we can propose regulations! So we can take action

Edit: one source https://gettotext.com/eu-draft-wants-to-ban-possession-of-anonymous-crypto-wallets/

Edit 2: While I agree that FUD mustn’t be shared, this is not FUD. Yes it’s just an unofficial draft, but it’s important that we as a community remain vigilant and make use of our voices. I don’t have a problem with being KYC’ed on an exchange, but I want to be the only one who is in control of my assets on a private wallet. Period. And I’m sick of all these fake arguments to give away constantly more and more of my freedom and privacy.

submitted by /u/c0mm0ns3ns3
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments