Sneaky shit

Paul Tang wrote on Twitter,

"The #crypto sector demands to be taken seriously yet they refuse to take seriously their role in the fight against criminal money. Their aggressive campaigning only shows that strong regulation is urgently needed."

This also would affect the likes of Trezor, Ledger, metamask, p2p, and DEXs. And paper wallets would literally be rendered unusable in future.

Would like to know others opinion on the impact of the above regulation, if so shall be passed today.

https://www.theblockcrypto.com/post/139913/eu-parliament-aml-law-vote-crypto-wallets

EDIT: They introduced this bill on the 28th of March and out for voting on the March 31st. This is insane and being deliberately done under the table.

EDIT2:

Congratulations! The law has been successfully passed with majority. Two impacts: (1) KYC verfication from/to exchanges to unhosted wallets (like ledger/Trezor/metamask) & know who is behind those wallets! (2) Any crypto transfer > €1,000 (worth in euro) from unhosted wallets to be reported to government.