BREAKING NEWS: EU decided to outlaw anonymous cryptocurrency transactions

[mobnepal]

The one who love to stay anonymous can still transact and exchange their coins with fiat on face to face deal or via p2p platforms like localbitcoins, this rule might not affect the one who want to make sure that they will not loss their personal privacy while making transactions on bitcoin or other cryptos.

There is always ways to remain anonymous because bitcoin transactions will always remain anonymous if you will not reveal it yourself.

[bob123]

This seems pretty fakeish to me. Didn't found any reputable sources about those statements made.

Also, if cryptocurrency transactions are anonymous they have no power to forbid this...

Thats the point. There is no possible way to force customer/cryptoenthusiast to reveal their transaction history with all of those upcoming and right now trending private coins (e.g. monero, verge, dash, ..).
Once it gets to this point where the control of the government gets that extreme, most of us will have adopted to a privacy coin.
They have the right to forbid this.. but they won't have the capabilities to execute their ban.
And even considering exchanges, there is localbitcoins and there will be more if there is more demand for 'privacy related' marketplaces

[jona]

Investors well run far away from this,not every investor want to be identify or show there identity,some have even avoided  KYC platforms,but am sure this is not going to work out. 

[bitart]

The one who love to stay anonymous can still transact and exchange their coins with fiat on face to face deal or via p2p platforms like localbitcoins, this rule might not affect the one who want to make sure that they will not loss their personal privacy while making transactions on bitcoin or other cryptos.

There is always ways to remain anonymous because bitcoin transactions will always remain anonymous if you will not reveal it yourself.

It will be harder and harder for the people to remain anonymous... The top exhanges are forced to implement AML and KYC regulations, so people are forced to reveal their identity to get back their coins... This is not the new EU regulation but something else, so regulations are already here, but it's not fully implemented yet.
I don't know why they are trying to regulate the transactions itself... It would be enough to regulate those places where you can exchange your coins back to fiat, because now you can't just make a living out of bitcoin, you can't buy everyday things with it at your local grocery store... Maybe they're afraid of bitcoin to get mass adopted and in that case people will be able to pay with bitcoin and there will be no need to convert it to fiat.

[GreenBits]

https://www.financemagnates.com/cryptocurrency/can-see-id-eu-rules-anonymous-transactions/



Cryptocurrency traders will have to reveal identities within 18 months.

After more than a year of deliberation, the EU decided to outlaw anonymous cryptocurrency transactions on Friday, according to a report from Reuters.


Ready for THE REAL crypto rollercoaster?

this should really change too much. until now, I assumed this was the case for UK! (they usually take a similar stance the US in regulatory matters). All that has changed is this:

Cryptocurrency exchanges and wallet providers will be required to identify users. The European Parliament’s Committee on Economic and Monetary Affairs said that the ruling must be converted to enforceable law within EU member states within 18 months.

If you are dealing with an exchange over here in the States that you can deposit or withdraw fiat from, you had to undergo aml/kyc anyway, to varying degrees. this is expected of any "money service business" in the States, and the lack thereof is almost a red flag (they could get shout down any day). We made this transition painlessly, as it was an expected thing. it wont really affect markets, but it will be a time consuming pain in your ass to adhere to (welcome to waiting a week to get verified!)

and sooo many ppl are about to flood your exchange customer support channels doing just this. good luck bros!

[icobits]

Another Fake news, If this is a real thing this news should have been cover my the mainstream crypto blog already.

[godfredmanu]

I doubt such a news. It won't be easy to monitor the cryptocurrency world. Is near impossibility. Anonymous coins like monero is hard to trace and even Bitcoin is very difficult to identify owner of a specific transactions even if you are able to track it on the blockchain.

[Mike Mayor]

It's always the low rank accounts that post this FUD crap. Wow do your you believe everything you read online? If s you must believe in many things.

I doubt such a news. It won't be easy to monitor the cryptocurrency world. Is near impossibility. Anonymous coins like monero is hard to trace and even Bitcoin is very difficult to identify owner of a specific transactions even if you are able to track it on the blockchain.

Also why would they gave so much control to exchanges. They not owned by anyone important just an ordinary person. The speak as if officials run exchanges. Doing this wuod make it very easy for scammers to get whatever for they wanted from anyone. People that believe this sort of news are incredibly stupid.