What the f..ck is wrong with the world,EU and crypto ?

[gweb1996]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

i consider this an empty threat as long as the crypto network remain decentralized, how can they create a manipulation over it, to hinders or control the system is a big threat on government alone, CBDC could not make any difference, regulations made could not as well put them in control of it, had it been they can do anything about it, that would have been long ago dealt with, the worst china could do is to only ban it's citizens from using it, but how effective is that when there's p2p?.

They can simply force shops or people not to use it. Tomorrow they give law -> If you use crypto and if your caught 30 years in prison -> That's how they did it,that's how they always do it... look at abortion law in USA

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[jackg]

Do you believe the government is capable of protecting anyone?

Probably. If you sell medicines in the UK, you have to be licensed and those licenses are easy to look up. What if the same thing was done for crypto to.help new investors find appropriate places to invest in crypto and not have old people falling for scams in their inboxes.

Most European governments care about protecting the wealth held within their borders to ensure it can stay there (so it gets reinvested in their economy at some point and potentially into taxes).

Financial regulations should only exist to promote capitalistic outcomes, ie competition amongst businesses. Bitcoin is decentralized by nature and doesn't fit the bill of sensible economic regulation; there isn't a central authority.

I haven't read any text of proposed bills, they all follow the same format -- bunch of jargon and strict regulations designed to curtail Bitcoin usage/growth. Consumer protection is the least of their concerns.

The ones in the UK were around to enforce kyc and anti money laundering (on paper - they're probably not practically able to do that anyway).

And the issue with your statement is that there aren't distinctions between individuals and businesses in a lot of European countries like there are in a lot of other places in the world (like the US). Most of the economy is diversified, decentralised and already hard to regulate.

Protect "investors" from what ? Do they expect that bitcoin will generate "value" ,apples,milk,honey ? What do "investors" expect bitcoin to do ?  "investors" even read the btc paper: https://bitcoin.org/bitcoin.pdf ?  Bitcoin is an experimental payment system that is based on trust...with bitcoin you move cash from point A to point B , that's it , nothing else.  Pretty much speculators took over the bitcoin networks and turned bitcoin from a cryptocurrency into a ponzi scheme. And f..king govs encouraging morons to "invest" in crypto...the world is crazy.
 
Smart people transfer money via bitcoin,morons invest(speculate) on it. It's f..ucking crypto + currency not crypto + stocks ...

Yeah, smart people came here long ago and they're not the ones we need to protect - they understand the space, know what they're doing and know the technology.

Most stocks are investments in if they can acquire a company innovating in their space before it gets too big or if you can find thst company that's innovating.

[DVlog]

Just do not use any centralized exchange to deal with your crypto. No one will ever find out how many bitcoin you have and how many you sell at which price to buy a new car. This type of freedom you can feel by using bitcoin but you just needs to choose which way you want to be. In the safe side by working with the government by giving all of your earning through tax or in the growth side where no one can touch(know) your BTC without your permission.

[gweb1996]

Just do not use any centralized exchange to deal with your crypto. No one will ever find out how many bitcoin you have and how many you sell at which price to buy a new car. This type of freedom you can feel by using bitcoin but you just needs to choose which way you want to be. In the safe side by working with the government by giving all of your earning through tax or in the growth side where no one can touch(know) your BTC without your permission.

I don't hold any crypto...used to have back in the old days 2009-2012 ...now speculators took over the network and regular Joes like me can't even touch it do to high fees ( bitcoin i mean ) . We can't even use it to test or create projects do to high fees...It's the speculators that should worry, i am just saying govs are taking away our freedoms so be careful as dictatorship ( the great reset ) already started.Their plan is motion.

[ChrisPop]

Bitcoin is still as crypto as it gets. The regulations you see are mostly around centralized exchanges. Believe me, you don't want to hold crypto on them and one day you wake up with an empty wallet and a bankrupt exchange platform.

I think many of EU's policies like the GDPR benefit the customer and not the company. People need data privacy and investments need to be protected and incentivized. Otherwise we would all just consume until nothing's left.

[Naficopa]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.

It's like the gov is telling you what to dream, what to think, what to paint, who to f..k, what to create and so on, we need to disconnect from this internet controlled by govs and make a truly crypto that no one can touch! This is dictatorship people.Open your eyes ! They are trying to control our lives and take away our freedom !

Crypto and the internet should not be a weapon like they want it to be. They weaponized food, oil, electricity, water, internet and anything they get there hands on.
They don't like you to download pirated ebooks ,watch pirated TV do to fact it's hard to censor not because they give a cr..p about "author rights"... Open your eyes ! Don't use see ,your allowing them to take your freedom !

Remember the '90 s internet ... that was a free internet,remember bitcoin 2009 ,that was true crypto...

I think it's time to close our mobile phones and say f...ck you and your internet EU


"Cryptocurrency companies will need a licence and customer safeguards to issue and sell digital tokens in the European Union under groundbreaking new rules agreed by the bloc to tame a volatile “Wild West” market."

https://www.business-standard.com/article/international/european-union-approves-rules-to-tame-wild-west-crypto-market-122070200060_1.html

Government won't let you have the control of currency - why would they let you have control of the finances when they know the power will go in the hands of public. The dream of having money in our hands won't be fulfilled that easily.

[Cnut237]

Crypto was supposed to be a decentralized means of payment, to escape banks and governments regulation, now it seems governments are trying to take control of crypto and the internet.
[...] Remember the '90 s internet ... that was a free internet,remember bitcoin 2009 ,that was true crypto...

It's like that with anything, though, it's inevitable. For so long as a thing remains small and niche, governments aren't bothered. As soon as the money starts to build, governments get interested. Mainstream adoption of crypto can't happen without running into the regulators. Your example of 90s internet is relevant... it was smaller, didn't pervade society, and wasn't so lucrative... and so could remain freer.

[goldkingcoiner]

it seems governments are trying to take control of crypto and the internet.

They have been trying to do this since the birth of crypto. And what have they really achieved that was not already there? Nothing at all. People still can anonymously buy and trade crypto all they want and nobody is the wiser.

Same goes for the internet. Sure we may have many laws for the internet but you can circumvent 99% of these laws with a simple VPN. Or just use the dark web by accessing it through TOR.

The truth is that the governments have no power and they can only bark. Anyone who falls in line with their orders has only themselves to blame. Everyone else knows they can't actually do anything to crypto or the internet.

[Naficopa]

it seems governments are trying to take control of crypto and the internet.

They have been trying to do this since the birth of crypto. And what have they really achieved that was not already there? Nothing at all. People still can anonymously buy and trade crypto all they want and nobody is the wiser.

Same goes for the internet. Sure we may have many laws for the internet but you can circumvent 99% of these laws with a simple VPN. Or just use the dark web by accessing it through TOR.

The truth is that the governments have no power and they can only bark. Anyone who falls in line with their orders has only themselves to blame. Everyone else knows they can't actually do anything to crypto or the internet.

Using the dark web is illegal and plenty is very high. So better safe than sorry.
Those who are controlling the crypto would not let that slip from their hands.