Is this true?

https://x.com/watcherguru/status/1771563276364570653?s=46

IANAL, but imo no. This is my understanding:

- EU requires regulated entities to do KYC for cash payments over €3,000. Unclear if this applies to crypto payments.
- EU bans crypto-asset provider from supporting custodial wallets for anon coins. Non-custodial wallets unaffected

Rust + decentralized databases. I have one goal in life: the ability to stop thinking at will

Source: https://www.europarl.europa.eu/meetdocs/2014_2019/plmrep/COMMITTEES/CJ12/AG/2024/03-19/1297044EN.pdf

Founder /kiwi-news, a decentralized Hacker News

"for crypto payments already below 1000 EUR, KYC has to happen"

This is for crypto payments to crypto-asset service providers, right? My understanding is that crypto payments between self-hosted wallets are unaffected

No for crypto payments already below 1000 EUR, KYC has to happen

anon coins like monero are banned from crypto asset service providers

- source: EUCI Twitter space