Bitcoin Forum

The funniest thing is that fraud will still continue to exist but they are making moves that will make people have no privacy and this will indirectly be connected to lack of freedom later just like this one (https://bitcointalk.org/index.php?topic=5540249.0).

This is not just about the ban on privacy coin like monero but mostly about banning anonymous accounts. They just want to know everyone having cryptocurrencies and the amount of coins or tokens that they have. They want to know when you send coins and when you receive coins. They just want to know all your moves pertaining cryptocurrencies.

This is the news: https://cointelegraph.com/news/eu-crypto-ban-anonymous-privacy-tokens-2027

They want to ban anonymous accounts and privacy coins by 2027.

The European Union continues its march towards becoming a communist totalitarian nightmare. This absolutely does not solve anything, if at all it makes even a tiny dent is questionable. Yet it comes at a huge expense to the average citizen.

At some point I would not be surprised if a reward system is offered whereby you can report your friends and neighbours for their financial violations relating to lack of reporting and full transparency.  ::)

As far as i know eu only wants to ban anon crypto on exchange sites and wallet providers. They don't intend to ban private individual from owning or using anon crypto. I think the impact wont be as bad as people think.

As long as private individual won't be affected. Anon crypto will still exist. The only problem is that there will be a limitation in doing tx using anon crypto, and can't also freely trading anon crypto on EU.

Pretty interesting how anon crypto will survive when they get more pressures from bureaucrats.

The EU government has rolled out it's strict measures to fight privacy and freedom. Of course I support reasonable means adopted by the government to curb financial crimes but this shouldn't trample on individual rights to privacy and freedom. There is need for the government to consult with key players in the industry before such policies are made.

Banning anonymous payments will affect law abiding who are using these privacy coins for genuine purposes. Some people usually buy items privately or want to make an anonymous donation.

People living in the EU would have to start devising means of bypassing these restrictions. Some businesses and individuals might consider leaving that jurisdiction.

They won’t be able to touch anonymous accounts on p2p networks like Bisq or Bisq2, so any bans they impose are to no avail. In my view, those who value true freedom will pull the plug on such kind regulations and shift exclusively to p2p platforms for sending/receiving crypto. So, keep calm and don’t panic, just learn how to use Bisq, Bisq2 ^{or similar platforms} to fuck off their ban.

There was an article months ago about a lawmaker proposing wallets to collect data from its users which would mean even if you have a wallet that has not made a single transaction, you may still have to send KYC documents to the wallet developers. Privacy is just hard to achieve. If they are able to prevent users from using wallet, they might do it if MiCA says so.

It won't be long I think US will also be doing this to their citizens as well despite posing itself as cryptohub. Regulation could go to its full by mandating exchanges to report data to the government agencies like IRS.

They started KYC/ AML if I am not wrong.
They led the trend of regulatory attacks against stable coins.
Not only EU but the USA (IRS) intended to shut down Monero in many years, cooperarted with Chainalysis to break down Monero but failed so far.
https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/

Let me share an old news in 2022.
EU Moving to Ban Privacy Coins: Report (https://cryptobriefing.com/eu-moving-to-ban-privacy-coins-report/). Even I believe that they will level it up with time and come with something more severe in future but for now it is a like a recooked news for fud.

Honestly, I don't understand how the European Union or any other institution could ban certain applications or cryptocurrencies. I say this given the decentralized design of these applications, thanks to the blockchain. They may be able to ban certain applications for non-compliance or force platforms to delist privacy coins, but that doesn't mean they've succeeded in limiting privacy on the network as they might imagine. Any European citizen can buy Monero, for example, from peer-to-peer platforms or even through social media, and with a little caution, they can evade these laws that restrict their freedom. These policies can only succeed if the authorities succeed in spying on all the devices of the entire population.

Humour me pls. If they want to ban anonymous crypto on exchange sites and wallet providers but aren't banning crypto-currency enthusiasts from owning anonymous crypto then where would this crypto-currency enthusiasts keep the anonymous crypto they own.
If you can't save you anonymous crypto on an exchange (by the way I don't recommend saving coins on an exchange) and you can't save them in a private wallet then what other alternatives do you really have left?

I don't want to know what they are up to for saying this, but am rest assured this stance might have changed before the said year, because people are getting to adopt the use of bitcoin the more and more policies are being put in place for the suitability of its existence, who knows maybe before then, they might also be among the top supporters for privacy coins, because i have learnt this over time, most people tend to fight against whatever they don't like or accept.

I understand that they can ban privacy coins in centralized services, however, they cannot ban anonymous accounts in true no-kyc services, and is there anything like anonymous accounts in centralized or custodial services to begin with.

The EU's attack on crypto through regulation doesn't look like stopping, and i believe services licensed under MiCA have to comply with this immediately. It is obvious that their regulations will mostly only affect centralized CASP's, so if you use no-kyc services, you'll not be subject to it.

In Australia, Japan and South Korea, exchanges already do not support privacy coins, so I'm not surprised by the action of EU. With the way EU is tightening its grips on crypto, if they could make holding privacy coins in personal wallets illegal, I believe they would. They just want to make sure privacy coins go on extinction and even if they could achieve this, it won't make much difference because people will keep coming up with tools like tornado cash to make the supported ones untraceable.

it's no surprise that they're starting to restrict people from owning privacy tokens, because they don't want anyone to be able to own crypto without them knowing how much it is, who owns it, and where it's being traded... at this point they just want all crypto holders to be able to have their activities monitored for 'anti-money laundering' reasons. what they're doing is an invasion of privacy and freedom for crypto users.. and i think more governments will do the same thing.

Just because people were able to use cash, fiat to do illegal stuff, doesn't mean that we need to make it easier for them. Sure monero being banned or anything similar to monero, basically all privacy ones, being banned, doesn't mean that we are going to see them being easy.

We are seeing it make things easier for the criminals, and that is why it will be banned. Don't get me wrong, fiat, dollar, gold, bitcoin, anything could be used and being used, we are just talking about making it not so easier for them. In all those cases you can follow the trail, but when it is monero, then it is nearly impossible to follow and that is why they are getting banned. We need to make sure none of those happened, and you should be glad that we are getting rid of these.

As far as my understanding and of Bitcoin is concern, it's not a privacy coin or anonymous coins, Bitcoin is Pseudonym by design and you can't do things and hide on Bitcoin that's why people like it, not some kind of coin one can do evil things and be thinking you can kids in it, they will track you down to any exchange or OTC you launder the money and you are going to be investigated on the crime committed but you can't with privacy coins.

Bitcoin is pure unless when mix and that doesn't mean you are totally safe from been trace. This is why bad actors use privacy coins to do all their things and they are not traceable which is why some government are concerned about how difficult it's for them to do their job. I wish there is a way they can sort all this because privacy is important for everyone and not everyone using primacy coins are criminals, they just love to do their things that way.

Well this article of Cointelegraph and its title seem to mostly be a clickbait actually. Because those claims come from the interpretation of some regulatory texts by European Crypto Initiative (EUCI), written in a book, so it's not an official statement from european legal institutions as I understand fortunately.
Besides that, it doesn't seem to concern individuals, only platforms actually.

Wow, this is overkill. I feel bad for all the folks in the EU. Its like someone's breathing down their neck on this and taking "big brother" to a whole new level. Its all about control and they want to have it all. Its too bad that financial privacy isn't just a basic freedom anywhere you are in the world, thats how it should be. Precioius metals are certainly the last true safe haven over there then, eh?

I don't see this as very bad news. After all, using DEXs is free, you can open and use crypto wallets as you wish, using Bitcoin and major altcoins for transactions is still allowed. If you're using a CEX, they need to know who you are. That's a standard procedure that should be in place. Illegal activities involving crypto currencies have increased so much that they've become the first choice for criminal organizations. An average person doesn't need to worry about these issues.

This is beyond trying to protect and reduce financial crimes, but I see this as trying to cube everyone in their control just like they have always wanted. They accuse crypto of being the best tool for money laundering and all illicit activities, but all this has been going on even before crypto came to power. All they just want to do is control, nothing more than that.

A move like that might cause an exponential increase in purchases of anonymity coins such as Monero (XMR) or Zcash (ZEC) due to banning the trades with them, to allegedly accomplish the extinction of criminality.

And, as consequence of that, the prices will skyrocket. Therefore, having some XMR or ZEC might be an interesting way not only to fight the inflation, but to appreciate value. On the flip side, those coins can be artificially regulated by some institutions that may have acquired, for instance, tons of XMR in order to exert a strict manipulation and generate confusion between the assiduous users.

Government total control is one of the least feared issues today and few people notice how much governments have cut our liberties, which were gained with the struggle of our ancestors. Therefore, we must take profit of every opportunity and try to be two steps forward from total control and governamental persecution.

As a resident in Europe, I totally agree with you. Criminality must be shut down as much as possible, but the European Union's Comission is implementing certain measures that are delimiting our financial liberties with undemocratic policies, since they have not been consulted with European population.

I certainly believe that government should not know every economic move of ours, since lots of people want to donate anonymously or trade with privacy (in XMR forums are normally traded items such as ecologic lemons and other feastables). For those reasons and even more, countries that conform the EU are declining in every aspect and they not represent anymore what they used to.

Until the moment, there are some over-regulated countries such as Spain (which has one of the most inquisitive revenue systems worldwide, being only overpassed by the Mexican SAT and the IRS) and others in which there are lesser restrictions like, for instance, Latvia or Estonia.

That does not surprise me in the least. Most crypto e-magazines are not just aggregators of articles, papers and news releases but also make money running pay-to-post stories as well. In this case the 'story' being no doubt being provided by the books publisher.

That is good point about how fighting scams may affect our privacy when using cryptocurrencies. It makes sense to feel worried when actions which are stopping bad things can also lead to us having less control over our money.
Like you said European Union is planning to stop anonymous crypto accounts and privacy focused coins like Monero by year 2027. Article you shared explains that this is part of bigger plan to stop people from using crypto for illegal activities like money laundering. EU wants to know who is using cryptocurrencies and how much money they have in them and when they send or receive them. Even though aim is to reduce scams it also means that financial activities of people using crypto will be watched more closely.

The EU are quite hostile towards crypto, total self serving, ignorant bureaucrats. They hate the thought of not being able to control how much money you have & what you spend it on. If you have any no KYC crypto then treasure it, keep it safe, it could be very valuable in time.

EU don't want people to have any privacy at all, but they are doing it gradually.
In the same time they are planing to ban privacy coins, EU is forcing people to reduce use of cash, and in the end they will try to fully ban cash.
ANyone trying to withdraw €3,000 or more from their own account could face up to €150,000 fine!
https://euroweeklynews.com/2025/04/28/planning-to-withdraw-cash-in-spain-you-could-now-face-a-e150000-fine/

I think that this is a welcome development because going through the news the regulators are only concerned about making sure the crypto related fraud is eliminated because alot of person's has used crypto currency to commit crimes bringing a bad name to crypto as a whole so this move is a welcome development to me, most of these memecoins that are been launched into the market should be regulated as most of them has not shown any reasonable growth rate ever since coming into the market.


So any anonymous crypto currency that has no base should be band and removed from the market as most altcoins has been used by scammers for the wrong reasons

I don't agree, criminals have been stealing and laundering funds long before crypto and privacy coins were created, and so they will always find a suitable tool to perpetrate their crime. The EU would claim that most of their strict moves is to counter fraud and terrorism, but i see it as aggressive regulations aimed at limiting privacy, and we all know well that governments do not like privacy and they want to be able to watch and monitor what you do with your own money.

Money laundering, phishing, ransomware, scammers, Ponzi Schemes, cryptotheft will all continue to exist in 2027 but these imbeciles think that banning privacy coins and severely restricting Bitcoin will magically end all these things.

It's like they live on a different universe from the rest of us.

It's so sad that we live in a world where those who ought to give account and say things the way they are, choose to find something else to put the blame on, making a scapegoat out of it. tbh, the bottom line is, they are after privacy, but with money laundering as an excuse, they've found a perfect reason to strike.

There are so many ways people launder money, and I want to believe there are still those who uses shell companies and supposed legitimate businesses. But to them, crypto just seem to be the big deal. What a shame.

Since the EU have seen that it's impossible to control the activities of members of the crypto community, they've been adopting policies that neutralizes privacy which is absolutely against one of the core objectives of Satoshi Nakamoto in creating Bitcoin. Below is an excerpt from the Satoshi's White Paper that clearly shows that this policy of the EU does contravene the vision of privacy in Bitcoin.

 “The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous.”

So in effect of this policy of banning anonymous crypto usage, the EU is  simply moving toward total traceability, undermining the original spirit of Bitcoin as a censorship-resistant and privacy-respecting financial system.

Personally, I think they just want to discourage the use of Bitcoin Bitcoin and cryptocurrency activities in the West because I know the majority of Bitcoiners and members of the crypto community will not accept to work with these crypto limiting policies.

Anonymous accounts are a new thing to me, I didn't know if such a thing existed. By the way, I understand that on paper their motives sound like something that the majority of herd will agree but I have a question, who will be responsible for me Identity Verification documents? Who will be responsible that they won't get leaked? You ask me to submit KYC but you don't give me a guarantee that my KYC documents will be safe, that doesn't sound fair.
If the EU creates a KYC system that will be managed and will be taken care of by the EU officials, then I'm kinda okay with that but otherwise, it is very unfair for customers and very arrogant action from them.

What’s more concerning is how fast this is being normalized. On paper, transparency, anti-fraud, anti-money laundering, right? Reflects a regulatory victory. But zoom out and you’ll see the infrastructure being built here isn’t just about stopping “bad actors”. It is about constantly monitoring everyone, regardless of guilt. Every crypto exchange will become a surveillance node. Anonymous accounts will be gone by 2027, privacy coins delisted, and any non-compliant transaction will probably be detected, frozen, or outright prohibited. However, fraud has not decreased. Billion in illegal crypto flow while regulation ramping up. What then is exactly being targeted here? The means of fraud, or the freedom to transact without permission?

Here it stops being about Monero or Zcash and begins to be about the EUDI Wallet, CBDCs, and programmable money. By the time the EU Digital Identity Framework comes entirely into effect (2026), they will see your digital health ID, travel records, tax profile, not only your crypto.

Indeed, privacy coins will be pushed under ground. That’s already happening. Monero volume is up, but liquidity is thinning. Regular people will definitely lose their access to financial discretion, while criminals will always adapt (they always do - mixers, ZK tech, secret layer-2s).

This is not surprising news. Especially when the EU has always been anti-crypto. The ECB's president is a Bitcoin hater, so european crypto users should expect the worse in the long run. Fortunately, there are ways to circumvent bans/restrictions. My guess is that the EU will prohibit people from buying/selling privacy coins through centralized exchanges. Everyone will begin using alternative means to circumvent this (such as trading on a decentralized exchange, using a P2P trading platform, or buying/selling Face-to-Face (in-person).

We know the deep state wants to get its nose in our private life. So any cryptocurrency that obfuscates transactions from the government, will be ultimately frowned upon. I hope things change for the better in the future as europeans elect politicians/government officials that are pro-crypto. Who knows what will happen before the 2027 deadline?

Well, what did you expect? That Big Brother would simply allow using cryptocurrencies? So to speak, outside the standard financial system, eluding his gaze? The more capitalization this industry gets, the more attention it will attract from the regulator. Of course, they want to know all the information about transactions, wallet contents, and will gladly even look into your @ss (what if you hid a couple of tokens there). These are just the first stages. Also, at one of the stages, they will force you to pay taxes on your cryptocurrencies. In the future, crypto users will be severely punished for not complying with the regulator's requirements.

I wonder how will these authorities respond if there are still fraud even if they have already banned all kinds of anonymous coins and platforms. Will they continue to blame these anonymous coins to justify their need for full control?
People fall for this kind of propaganda. They actually believe that anonymous coins and platforms are the reason for fraud in the crypto space. But the reality is that these authorities just want to have full control. Which obviously defeats the core of crypto which is decentralization.

Lol. very non-sense, they're targetting crypto but tbh it won't decrease the crime rates in their countries even if they ban crypto or they require people to link their accounts to themselves. Crypto isn't the major reason why people still get do their crimes, people still prefer doing cold cash in transactions for illegal things. Well, I think if government is finding ways, crypto will also find their ways too and that's why P2P do exists, no one can stop crypto.

The government just want to have full control in everything, of course they want to control the cash flow and don't want some normal people have freedom and exit to the system they made to tax people and use that tax money for personal interest.

Why does it take them so much? 2027 is too far. Btw in this article they claim that regulations will be here to strengthen financial transparency and prevent money laundering and terrorism financing but if they truly want to do all of these, then why don't they implement blockchain technologies in public sector? They can make it transparent how people in government earn and spend money, which will be true transparency. If they want my KYC, then I want their KYC too, doesn't this sound fair?

I know, right? They're doing this in the guise of preventing money laundering, terrorism financing, and tax evasion, but it's all an attempt to lure people away from crypto. The EU doesn't want people to gain true financial freedom and privacy. Otherwise, they will lose control/power for good. This is typical of the "deep state".

Eventually, the EU will launch a CBDC of its own (CBDC) and declare all cryptocurrencies "illegal" (including Bitcoin). Fiat on/off ramps for crypto will be either shut down for good or heavily-scrutinized by the government (by enforcing KYC/AML rules). Monero users don't need to worry about this, as long as they follow the necessary security measures (OPSEC). Don't let the government know or suspect you're holding a privacy coin, and there should be nothing to worry about. Who can stop truly-decentralized privacy coins and anonymization techniques, anyways?

Your are right. They want to know who owned Bitcoin and other coins. And why? Because they want to tax profits or keep an eye on the people with the assets. In Europe, a few exchanges have already reacted to this and transactions away from the exchange can only be made if you give the name of the owner or confirm that the address is your own. I have written here in the forum in a local board, that I believe that p2p will grow. The problem is the fraud, but there are trustworthy people, including here in the forum, with them you can trade and that is what I will do.

The solution to this, as always, is to go back to Bitcoin standard and use Bitcoin as it's supposed to be used, which is, p2p non-custodial and possibly decentralized transactions.

By the way, I think that would be implemented on centralized platforms because anonymous accounts can't be banned on decentralized system that's based on Bitcoin standard. Besides, it's basically unsafe to reveal people real identities and link the identities to their crypto assets on a system that's as transparent as Bitcoin.  
This will likely be a typical kyc verifications mainly on centralized custodial wallets, exchanges and platforms . The centralized non-custodial exchanges/wallets would do well if they become decentralized and implement a decentralized kyc and/or auto-checks on transactions/coins to ensure they are clean or in compliance with reasonable standards before getting to recipient addresses. The normal decentralized platforms could also implement this.

In regards to privacy tokens, I think it would be better to prevent them from being used for evil or criminal activities rather than an outright ban. They could be very useful to innocent users in times of tyranny.

Exactly. People will be forced to use crypto "the right way". In a good way, extreme regulatory oversight will result in more decentralization for the whole crypto industry. I think privacy coins like Monero and Zcash will only get stronger after they're "banned" from the EU. Too bad for them, because they'll be missing a huge opportunity for profit (through taxation of crypto assets). In this regard, the US "will eat its cake".

I sure hope the next generation of european politicians devise crypto-friendly policies for the benefit of all. Europeans should thread lightly when trading privacy coins in a decentralized manner to avoid getting caught. Otherwise, they could face fines or even imprisonment. Who knows? Maybe the EU will change its mind before 2027. I could only imagine... :D

I'm curious about how they will ban it.
It is mentioned in the article are ZCASH or XMR. How can they know if their people are using some altcoins or even own them? I think this is very challenging to them, especially since these coins are decentralized, not compared to stablecoins like USDC or USDT.
 

European Union are leading the continent to collapse with many policies against their citizens while they are too opened for immigrants even illegal and violent immigrants. Censorship and attempt to break privacy, free of speech and many other things, I see they are not going to be better but be worse.

Cryptocurrency is only one part of their societies and they must change strategic approaches to be against or friendly with citizens. If they change to be more friendly and more readily to serve citizens who are true owners of the continent and nations there, cryptocurrency regulations will change to be more friendly for the people. Otherwise, things will get worse and worse.

They can only know who is using which crypto if trades are settled through a KYC-compliant centralized exchange. But outside of that, the EU will have a hard time trying to identify privacy coin users. Especially when its comes to a coin such as Monero. Buying/selling on a decentralized exchange, non-KYC P2P trading platform, or even F2F/in-person will render governments' efforts useless. Just avoid converting your privacy coin back into a transparent cryptocurrency (eg: BTC, ETH, stablecoins, etc) and there should be nothing to worry about.

This is actually good for crypto because it encourages decentralization. The inverse would happen if regulations are eased. As far as I know, not many people use crypto in the EU (compared to the US). So nothing will happen after the 2027 ban. :D



Yes. They've always been "anti-crypto". Probably because they want to push their agenda of a CBDC (Digital Euro). Will europeans allow this to happen? Only time will tell.

I don't see it the way you do. What good will it do to have a privacy coin in the EU? Unless you want to buy stuff on the Deep Web, it's not going to do you any good. I will be able to buy it in a DEX, but I won't be able to spend it directly and if I want to sell it, everything will be problems. If I buy and sell a lot through DEX I will have a series of transactions to my bank account that I may be asked to justify and I will not be able to justify. Meeting in person has its dangers.

I don't see why I would want to buy a privacy coin then. To make it so private that I can't even spend it?

In short they want to turn it to the way banks and financial services run their business. Basically they want to strictly implement the know your customers. The biggest threat they face is not being in control. When they are not in control they lose their power over the people. The people in the EU should brace up for a long battle one that the outcome is unknown.

Not everyone "buys stuff" on the Deep Web. There are people who use privacy coins for legitimate purposes (like hiding their financial activity related to business, or simply to prevent third-parties from knowing all of their transaction history). Now why would transactions from a DEX be linked to your bank account? That would only happen if the exchange is KYC-compliant or centralized. The smart thing to do would be to buy privacy coins with cash (paper money) in person, and trade them against other cryptocurrencies on a decentralized exchange (DEX). No personally-identifiable info or trail would be left for the government to use against you. It's all about following the necessary security measures to avoid getting caught in the long run.

By the way, spending wouldn't be much of an issue since you can exchange popular privacy coins (like Monero and Zcash) for Bitcoin. You can then use that BTC to load a prepaid virtual card on MoonPay, or simply buy a gift card to spend your coins at your favorite store/retailer. Let's see what happens by 2027. I'm sure the EU will change its mind after increasing pressure from crypto industry players (mainly lobbyists). 

Because that's the main use. Transactions through bank accounts.


It has nothing to do.


That's actually not smart at all. If you are only going to buy or sell in person you will have even less chance of executing the sale or purchase, and none at all for someone who does not live near a large urban environment. In addition, meeting in person has its risks.


Not when they are banned And for that I will buy and hold bitcoin simply because it will not be banned, it will give me more profitability, it has more liquidity to exchange and I can use it with privacy if I am careful.

CEX or DEX or P2P, if you do your trade in bank transfers, it will make some data in your bank account and bank transfer history. It is data for banks and whether they know that your bank transfers related to Bitcoin, cryptocurrencies or not, it depends on other data and behaviour of accounts of you and your trade partners.

Assume that banks and governments don't know that you have trades related to cryptocurrencies but if you are trading with a trade partner that is identified by banks and governments, they will find you and ask for more details, evidence of your bank transfers. It's when your trouble starts to appear and you can imagine what might possibly happen next.

Exactly, this is how it really happens. It doesn't come directly from the DEX, but from when one of the trader accounts is being suspected and confirmed to be doing a cryptocurrency-related transaction, then they will trace all the people they did transactions with. Questions will be asked, and the purpose of the transaction will also be asked, which, if no concrete evidence to differentiate you from the accusation, the next person and every other person they have done transactions with will be implicated. What's needed is for one person to be suspected, and the rest will be affected.

Technically, yes.
I believe the best thing to do to limit the chance of being questioned in a situation like this is to never do crypto to fiat trading twice with a single person, just like it was advised not to use a single crypto wallet address twice.
Having said that, I look deep into the move of the EU government concern the ban of anonymous crypto and token in 2027 as a means to make institutional banks as the major player for crypto to fiat trading in the future, and I hope every crypto holder will prioritize noncustodial holding more than before.

Well, let me just say that it's possible (maybe) for them succeed in banning privacy coins, but how do they plan to achieve the ban of anonymous accounts?

And one thing I did like to say is that no matter how the government try, they will never achieve gaining 100% control over cryptocurrency holders, except they find a way to take over the blockchain and gain complete control over it, then they did be able to censor and control wallet creation, where there will no longer be a thing as self custody or non-custodial wallets.

But as long as they can't gain access to the blockchain to control what happens there, they can only try to ban people or citizens from the use of non-custodial wallets, but alot of people will still use it, so the government can never be able to completely kill privacy, most especially in crypto.

Let me go ahead and quote Victoria Nuland: Fuck the EU.

I am tired of these glorified Stasi bureaucrats trying to peek into our wallets every chance they get. It is shameful, it is a violation of our innermost human privacy. And they will never succeed. They do not do this with fiat; where they could demand every piece of physical paper money to have the name of the owner stamped on it (Although I am certain that is the next step, once they force CBDCs on everyone)  >:(

These greedy, senile bankers and their loyal government dogs are the same people who incited WW2 and enraged the people into a killing frenzy.

Nobody in crypto cares about the regulations concerning centralized entities, because the very same services already exist as decentralized, non-custodial and open source alternatives. Hopefully these alternatives will be pushed to become the standard.

The idiot politicians of the EU are only making crypto become more decentralized and more anonymous by pushing their fascist, privacy-violating laws on us.

IT IS DISGUSTING.

We need Bitcoin and other cryptocurrencies to save us from these government-protected bank gangsters and their money printing and taxation-theft schemes. The truth is plain as day to anyone with a single digit IQ or higher.

The reality at hand is that we have lost the fight to centralizations and also putting ourselves at risk if we accept to go along with the centralizations of cryptocurrency transactions, most centralized exchanges are banning transactions from privacy enhanced services such as gambling platforms, their anti Money laundering is somewhat at the increase and this undermine the true purpose of decentralized transactions, everything is now questioned.

What did you expect from the beginning? That governments and major global financial institutions that control the world would become friendly to blockchain and the concept of decentralization? Especially those who believe that it is possible to eliminate the use of traditional payment systems and even fiat money, despite all the criticism, shortcomings, and crises they have caused. Simply because this is the system that the entire world operates by, and deviating from this system is like deviating from the world.

The only hope lies in relying on technology to advance further, enabling us to preserve our financial privacy and create applications and mechanisms that enable us to bypass tracking and surveillance systems. Then, too, we will not survive, because this will result in a reality between authorities and users that resembles the battles between Tom and Jerry.

Very correct it all the fight between user and government, once the government attention is drawn to any sector it becomes long road down battles, and for iw e can just enjoy the flexibility that is available to us in the cryptocurrency space for iw and along the line if regulations and centralizations becomes more intense we can likely then move one from privacy enhancing engagement and try to play along with the government.

I wouldn't say the reality is too bad, because there are still opportunities to enjoy some privacy. However, we must take advantage of these opportunities for further development and discussion to explore ways to make blockchain applications more effective. If these applications lose their features as stated by Satoshi himself in the Bitcoin protocol, there will be no need for them, and they will be indistinguishable from any other application controlled by a central authority. Currently, the only community discussing important issues such as privacy, network tracking, security measures, and development prospects is the bitcointalk community, which raises concerns that this space alone will not be able to achieve the desired results. I invite everyone to start/join discussions about these issues across all networks to increase people's awareness of them.

Personally speaking this move is a good one as it's used in cutting the rate of financial crime in the net but I don't see this as the solution to scams as there will be still be scams but but my interest is in the fact that most tokens who are there without any prospects and just flooding the crypto space will be wiped away by this law this will make people to concentrate on Bitcoin and other stable altcoins who have a good performance level looking at this law it's a good one in sanitizing the crypto community

The thread title is slightly misleading.

The EU wants to ban anonymous "accounts" on service providers like exchanges.
Its just another AML measure.

They do however want to ban privacy tokens!

Its the headline of the article


We will still be able to use P2P exchanges like HodlHodl I hope.


I agree, ok its dressed up as a move to attack money laundering and cut down on
financial avenues for crime but I'm not sure it will, criminals at least the top level
ones have other avenues to launder their finances, most of the time these are
extremely legitimate looking from the outside.

Yes. There's the risk of getting "flagged" by the government due to suspicious trading activity. You need to be careful when dealing with someone you don't trust. One day, you might end up trading crypto on a P2P trading platform (or in-person) and get caught because the person you've dealt with was an undercover cop or government secret agent.

As for DEXs, I believe no such risk exists. Especially if we're talking about truly-decentralized exchanges based on smart contracts (like Uniswap which is an AMM). You can also use cross-chain bridges to "trade" from one coin to another in a "non-custodial" manner. Atomic Swaps will become a true game-changer in this regard. The ideal way to exchange privacy coins without the added risk. Governments are always trying to find ways to get their noses in people's financial life. So it would be up to you to follow the necessary security precautions to continue enjoying privacy and freedom. :)