Europe Wants To Know Who You Are?

[Panpan66L]

The European Parliament and the Council of the European Union have proposed amending a directive on preventing money laundering and terrorist financing that will require cryptocurrency exchanges and wallets to identify suspicious activity, a directive that would include identifying bitcoin users.

All governments scarce from the perspective of Bitcoin. They think is that they can control the terrorists in all over the world. But people want to be independent of them.

[MCVXYZ]

The European Parliament and the Council of the European Union have proposed amending a directive on preventing money laundering and terrorist financing that will require cryptocurrency exchanges and wallets to identify suspicious activity, a directive that would include identifying bitcoin users.

All governments scarce from the perspective of Bitcoin. They think is that they can control the terrorists in all over the world. But people want to be independent of them.

If there are financial monitorings from institutions (I mean transactions  up to 30k) I think it doesn't mean absolutely that they will humiliate your constitutional rights,In particular your property right,more importantly if the idea of financial monitoring is to protect society,why do they make things differently?
I know,we like and love the idea behind pseudoanonymous/anonymous things,but at the same time the main thing in this situation is to compare the risks,which is better anonymity or safety.

[Zohina]

Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?

anyone else read this? thoughts? its on cointelegraph.

something we dont want but who knows eh

actually the step in the European countries is a very good step, because in the future the possibility of kryptocurrency currency will be recognized and will become a legal currency, so bitcoin holders do not panic because with the tax and they know the business actors who use digital currency and they will certainly strongly support their legality. with the exception of criminals who used to keep their ill-gotten money in bitcoin, they would think twice about abusing the system.

[Tapyaks72]

Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?

anyone else read this? thoughts? its on cointelegraph.

something we dont want but who knows eh

actually the step in the European countries is a very good step, because in the future the possibility of kryptocurrency currency will be recognized and will become a legal currency, so bitcoin holders do not panic because with the tax and they know the business actors who use digital currency and they will certainly strongly support their legality. with the exception of criminals who used to keep their ill-gotten money in bitcoin, they would think twice about abusing the system.

I don't know  if this  will help  bitcoin bitcoin more trust worthy or it will jeopardize, in positive outlook we can say that the investors will be  protected from scam, but  in the other hand it will broke  the essence of anonymous and decentralized  because that what bitcoin and blockchain technology  intended for.

[qwerty12]

Well, this has made debates among crypto merchants, on the one hand, this is no problem for honest traders. But on the one hand, this makes uncomfortable for those who want to keep their anonymity. Even many say this is contrary to the original nature of cryptocurrency.

[maydna]

soon, every country wants to know who we are especially there is more country that will accept cryptocurrency and the governments wants to know who is behind the owner of every coin. and after this is applied, they will make regulations to the crypto user and maybe they will apply the tax too so the crypto user needs to pay a tax because of we get some income from the crypto. but I don't take this too seriously because I think this will not happen in the short time especially there are many countries that still learn and think about the crypto.

[nancyjewelmcdonie]

Governments all around the globe do this constantly.

This is exactly how they work, they like the cash, they need to impose you, so they need to thoroughly understand your exchanges. Bisq is really solid in the EU zone however, as an entirely P2P trade the level of protection is high, particularly since it keeps running over Tor. This is exceptionally typical. At the point when government consider bitcoin as a stock or item it will require everybody who contributed on a KYC and AML necessities. This is certifiably not a terrible news since it was even required to the stock trade and on managing an account organizations. This activity of requiring bitcoin such necessities is an indication that bitcoin is as of now perceived by the state as lawful and can be utilized inside its region. I likewise trust that its an uplifting news on the grounds that by this activity, government acknowledges bitcoin as a benefit and enables its resident to get required with it. Its typical for the administration to require your data so they can guarantee that their subject does not utilize bitcoin in unlawful exercises nor utilize it to tax avoidance. This is the thing that KYC about in any case, particularly with the trades. I think Some nations are presently paying assessments through their benefit in digital currency in US for example. More controls will occur later on, we truly need to manage it. I believe it's a win truly, if the Government gets more data on you and is glad on the off chance that you pay imposes in crypto it implies it's a strong bit of innovation and won't be prohibited or excessively directed so they keep on receiving it with the information. Its not just Europe that needs to know every little thing about you. Your own nation, your manager, your folks, your kin and even your life partner. Every one of them need to know every little thing about you down to what you wear, the onus currently falls on you on the measure of data that you can part away with any of the classifications without harming yourself on the grounds that the hallowed certainty is that the ones who has the most data about you have the most elevated opportunity to hurt you the most. Governments everywhere throughout the world are set on doing various things is the thing that one noteworthy reason they are against bitcoin and blockchain. The straightforward truth is that they couldn't do it through the secondary passage, so they are turning out to state their brain on what is happening in light of the fact that on the off chance that they had possessed the capacity to do it, we wont have any of the clamor about KYCs. Trade destinations likewise will be compelled to fall in line or else they close shop which a business person would not consider. The exit plan on the off chance that you are not happy in what they are asking, move to something unique.

[USDOLLAR]

Europe is attempting to discover approaches to control cryptographic forms of money and screen all exchanges. IN behind the inspiration is only for charges. governments need to control everyone and everything. Everywhere KYC is required request. I am confident that this is clearly about the assessments and finding of the crypto assets.that's all by attempting to put some charges on crypto exchanging and exchanges. This isn't only the Europe, every single country need to know your identity. The administration needs to know every little thing about you. They need to regularize every one of the frameworks from where a normal man profits and government put assess on them.

[Oliveir]

KYC? It is now becoming normal on some exchange and ICO project but it is annoying since you have to give again all your information and document to finish it...

[mornabo]

Any state wants to receive more taxes, duties, etc.in addition, Europe is known for its huge bureaucracy and this also affects the regulatory process. But there are no plans to collect taxes in cryptocurrencies yet... If there is a tax, then in fiat money

I think Europe not only wants tax, but also controls who is in bitcoin, because when that person is suspicious they will certainly
monitor their transactions, this is a form of centralization and control of Europe for bitcoin, did you problem about that ?

[Zalura]

Europe is trying to find ways to control cryptocurrencies and monitor all transactions. That is simply destroy the whole sense of independence of blockchain technology.

it is possible that European countries do not want to control or to regulate bitcoin users, but maybe for the sake of security of bitcoin traders, it is done solely to prevent the occurrence of money laundering practices or the misuse of the convenience of transacting business, even with the arrangements in European countries the cryptocurrency users should be feeling safer and more comfortable.

[Pendularin]

well, I think they are doing this to protect people of fraud, some government may  ask people  to submit their investors information in order to know who they are and thus are subject to tax. The government are doing everything to get money from people to also ensure that the economy runs perfectly for the good of its  people.

If that's the case on Europe to every people such as business related specially project like ICO. This is the most certain assurance for the country to prevent any fraudulent action that other those thieves will potentially do to the project proprietor. Government will always impose regulations to protect the residents, and getting money from people isn't a bad thing as long as it will be returned back to the country's development.

[Mfomo]

Not only Europe buddy its so all over the World, think is to prevent money laundering and some people avoiding Taxes and so on . All the  plattform for minning and trading asking for kyc now.

[pabpete]

Not only Europe buddy its so all over the World, think is to prevent money laundering and some people avoiding Taxes and so on . All the  plattform for minning and trading asking for kyc now.

True, this moves are only for our safety and to avoid any scams or problems which could happen in exchanging anything on market, for me it is not that bad.

[Zalura]

This is what KYC all about anyway, especially with the exchanges. I think Some countries are now paying taxes through their profit in cryptocurrency in US for instance. More regulations will happen in the future, we really have to deal with it.

Don't worry about rules, because every country makes regulations to protect bitcoin traders, and also the possibility of countries that want to apply taxes and want to control bitcoin currencies so that they don't become a place to save money from crime, so bitcoin owners don't have to worry and everything is only safe.

[Larrycool]

well, I think they are doing this to protect people of fraud, some government may  ask people  to submit their investors information in order to know who they are and thus are subject to tax. The government are doing everything to get money from people to also ensure that the economy runs perfectly for the good of its  people.

[1BTC EQUALS 1CAR]

Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?

anyone else read this? thoughts? its on cointelegraph.

something we dont want but who knows eh

That is why anonimity or privacy is just a false dream in the world of crypto. What we can really get from using it is the transaction proof that happens in its blockchain. But then again I don't mind it because I'm not a  drug addict or sex offender that will use crypto for that matter.

[coldplay3r30]

This is what KYC all about anyway, especially with the exchanges. I think Some countries are now paying taxes through their profit in cryptocurrency in US for instance. More regulations will happen in the future, we really have to deal with it.

   
tax implementation on the owner of bitcoin is one proof that the government recognizes and supports bitcoin, so do not panic, this is even very good news, the tax applied by the government is also balanced against the profits earned by buying and selling crypto currency, and can be ascertained in the future the upcoming bitcoin will be increasingly used in various countries.

[KrishaBitcoin]

Everyone hear the news, seems in Europe the so called powers that be want to put more regulation
for anyone who uses an exchange there to trade etc, they want to know who you are and when you are using the exchange for transactions in crypto.
so much for using the block chain and having a hidden ID in a transaction
must be a tactic to tax everyone in crypto?

anyone else read this? thoughts? its on cointelegraph.

something we dont want but who knows eh

This is good because this is part of the government regulation to ensure that only legit people are the one were using this investment and to ensure that it will not be use in illegal activities specially in scam projects in which they will use the crypto platform to steal from the people. As long as we are legit people so i think there is nothing wrong with this government regulations and we are oblige to pay the tax specially if Bitcoin was declared legal.