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Jayme Hoffman
@jayme
Notes and links on new EU crypto laws: - Unidentified self-custody payments > €3K are illegal in the EU - Self-custodial wallets and assets are not illegal - Self-custodial wallets may have to KYC users https://news.ycombinator.com/item?id=39793842
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Jayme Hoffman
@jayme
https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/ https://news.ycombinator.com/item?id=39798290
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Jayme Hoffman
@jayme
Kiwi https://news.kiwistand.com/stories?index=0x65feeafe11a98b42b4d1827c0964db485d9f6dc00a0a598e194937e21d649ef7a7b99709
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max ↑🎩
@baseddesigner.eth
damn those regulators how would they even know if our wallets are sending 3k within europe and not everywhere else there’s one blockchain across the whole world lol
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timdaub
@timdaub.eth
My understanding is that ALL amounts, also smaller than 3000 EUR are prohibited to self hosted wallets where the receiver is anonymous
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Brian Li 🍊👾
@bli.eth
It’s going to be interesting to see the use cases of “private” blockchains where the payments can’t be deciphered by the public but an org such as Circle can decrypt large transactions under audit requests. Time for FHE?
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
YEOUTCH
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HH
@hamud
regulation would happen at on/off-ramping so at exchanges.
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Jaack
@jaack.eth
I suppose we’ll only use OS wallets?
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Ceci
@ceci
How would they enforce kyc on selfcustodial?
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Abid1109🎩
@abid1109
527 $DEGEN
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